Macarthur Minerals: Awarded $85,000 grant to advance drilling at Moonshine
- Macarthur Minerals has awarded an $85,000 grant to support drilling at its Moonshine North Nickel Prospect in Western Australia
- The money will also be used to test a geophysical anomaly
- Macarthur will use the $85,000 to plan a 460-metre deep diamond drill hole to test the anomalous nickel from a previously identified hole
- The company hopes this drill will provide a better understanding of the Moonshine Prospect and help with further discoveries
- Macarthur is steady on the market today and shares are currently trading for 10 cents each
- This EIS provides up to $5 million a year to encourage companies to drill in under-explored areas in the State
