Wins $316k Grants For Exploration –

Petratherm: Wins $316k Grants For Exploration –

Petratherm WinsExploration Grants of $316k

  • Petratherm (PTR) has won $316,500 in grants under the South Australian Government’s Accelerated Discovery Initiative (ADI)
  • The ADI program is part of the state government’s aim to accelerate mineral discovery through exploration and research throughout South Australia
  • The first grant, valued at $250,000, will fund the drilling of two geophysical targets at company’s WoomeraProject in a highly prospective iron oxide copper-Province of gold
  • TheSecond grant is for $65,500. It will co-fund an electromagnetic (EM) geophysical survey at company’s Mabel CreekProjekt
  • Company Shares closed at 10 cents after closing the day at 13.6% in the green

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