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Burley Minerals Ltd (ASX:BUR)

ALERT: Price-sensitive ASX Announcement for BUR
Current share price for BUR : $0.023 -0.002 (-8%)+
Announcement
Release
11 Aug 2026 9:36AM
Price at Release
$0.025
Full Release
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Summary
Burley Minerals Ltd has announced the mobilization of a drill rig to the Cane Bore Iron Ore Project in Western Australia, following the receipt of final heritage survey reports. These reports have granted clearance for drilling over most of the North Target and the entire Step-Out Target. The maiden reverse circulation (RC) drilling program at these targets, covering over 290 hectares, has commenced and is expected to be completed within a week. The results of the assays from the drilling samples are anticipated by late September. The Cane Bore Channel Iron Deposit area is strategically located near key infrastructure, enhancing the project's economic feasibility. This effort is part of Burley's strategy to define a significant Channel Iron Deposit (CID) tonnage.
Key Points
  • Drill rig mobilized to Cane Bore following heritage clearance
  • Heritage survey covered most of North Target and all of Step-Out Target
  • RC drilling commenced; expected to complete in a week
  • Assay results expected by late September
  • Cane Bore located in Pilbara Province, rich in iron ore
  • Cane Bore strategically close to infrastructure
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.