2025 Drilling Underway at Overland
Summary
Highlights:
2025 Drilling Started: ~5,000m of drilling planned through to the end of March with regular progress updates to the market.
Palaeovalley Focus: Initial drilling will map the extent of the palaeovalley within EL7001, building on the encouraging results from the 2024 program.
High-Priority Targets: Drilling will then target the western margin of the palaeovalley, following up on the mapped lignite horizons and associated gamma anomalies.
Sheer Gold Farm-In Approved: Regulatory approvals have been received for the Sheer Gold Farm-In, enabling drilling to commence on three initial high-priority target areas (ASX release, 5 February 2025).
Results Driven Approach: Interpretations from the current drilling will inform the next phase of exploration, including further drilling and/or geophysics, planned for the June quarter.
Assay Results Imminent: Assay results from the 2024 drilling program are expected imminently. The Company anticipates these results will provide valuable correlation and confidence with the initial gamma and pXRF data.
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