Mithril Resources’ (ASX: MTH) nickel joint venture partner MMG Exploration has commenced a 2,400 metre reverse circulation drilling program at the East Arunta project area, Northern Territory.
The drilling will test a number of recently identified aeromagnetic features that may represent previously unrecognised nickel–copper–platinum bearing mafic intrusions.
Under the venture, MMG can earn up to an 80% interest of nickel rights on selected tenements by spending $4 million and completing a pre-feasibility study on a JORC indicated mineral resource.
MMG’s work highlights East Arunta's nickel potential and allows Mithril to remain focused on copper, with results from its recently completed 3000 metre reverse circulation drill program expected shortly.
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