en.Wedoany.com Reported - Australia's BOA Resources (ASX: BOA) has received approval for 7 of its 14 tenement applications for the Neds Creek copper project, covering 64% of the total project area, including two tenements that cover the proposed drilling zones. The tenements were granted by the Department of Mines, Petroleum and Exploration. The company stated that heritage surveys have commenced, and the final drilling plan for six priority copper targets is progressing, with the aim of starting drilling in late July.
The six priority targets are Ricci Lee, Rooneys, Blockley, Mueller, Ward, and Limestone Bore. The Phase 1 drilling program includes 7,500 meters of reverse circulation (RC) drilling and 7,500 meters of air core drilling, starting at the Ricci Lee target. BOA acquired a 49% interest in Neds Creek in late 2025 and has the exclusive option to acquire the remaining portion of the project. The Neds Creek project is located on the northern flank of the Paleoproterozoic Yerrida Basin, covering an area of 1,143.9 square kilometers, and surrounds the Thaduna and Green Dragon copper deposits previously held by Sandfire Resources (ASX: SFR).
Ricci Lee is BOA's priority target, located within the Thaduna Formation, approximately 2 kilometers southwest of the Thaduna copper deposit, and is interpreted as a geological analogue of Thaduna. The Thaduna deposit is reported to contain 5.5 million tonnes of ore at a copper grade of 2.2%, containing 119,000 tonnes of copper and 829,000 ounces of silver. Previous drilling at Ricci Lee defined a 500-meter-long mineralized structure that remains open along strike to the north and south. The deepest RC hole at this target, THC035, intersected 10 meters of 5.12% copper and 5 meters of 3.48% copper at a vertical depth of approximately 200 meters, recording chalcopyrite and bornite in fresh rock.
Rooneys is BOA's second priority drilling target, located 3.5 kilometers west of Green Dragon, within an east-west trending structural corridor. Historical drilling results at this target include 14 meters at 3.87% copper from air core drilling and 7 meters at 3.99% copper from RC drilling. The planned program at Rooneys will include five additional RC drilling sections to test a 200-meter strike length, and nine air core lines to extend known structures and evaluate other mapped mineralized directions. The broader Phase 1 program will also test Blockley, Mueller, Ward, and Limestone Bore. With the exception of Mueller, all targets have previously returned ore-grade intersections from drilling, while Mueller has yielded ore-grade rock chip results from historical mining areas.
Managing Director Cath Norman stated that the final grant of the tenements is a significant step forward for BOA Resources and Neds Creek. She noted that copper market conditions remain very favorable, and BOA is well-funded with sufficient cash to fully finance the upcoming drilling program. As of the end of March, the company had approximately A$3.2 million in cash.
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