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Metalicity: Applies for additional 4200 hectares in Goldfields region | Fintech InShorts: Latest fintech news, analysis by experts

Metalicity: Applies for additional 4200 hectares in Goldfields region

Metalicity: Applies for additional 4200 hectares in Goldfields region

  • Metalicity (MCT) has strategically applied for an additional 4200-hectare tenement near the prolific Kookynie-Ulysses Trend in the Eastern Goldfields of WA
  • Then the company applied for the land package with its farm-in partner, Nex Metals Exploration (NME)
  • The area is prospective for gold, however, has only been subject to shallow and broad historic drilling
  • Metalicity is eager to use modern exploration methods if its application approved
  • Additionally, assays from a recently completed phase one drilling program expected shortly
  • Company shares are up 16.7 per cent and are trading for 1.4 cents each

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