Petratherm Wins $316k grants for exploration
- 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 Woomera project in a highly prospective iron oxide copper-gold province
- The second grant is for $65,500 and will co-fund an electromagnetic (EM) geophysical survey at company’s Mabel Creek project
- Company shares have ended the day 13.6 per cent in the green to close at 10 cents
