InvestSMART

Burley Minerals Ltd (ASX:BUR)

ALERT: Price-sensitive ASX Announcement for BUR
Current share price for BUR : $0.023 -0.002 (-8%)+
Announcement
Release
20 Aug 2026 9:22AM
Price at Release
$0.025
Full Release
download
Summary
Burley Minerals Ltd completed a maiden reverse circulation (RC) drilling program at the Cane Bore Iron Ore Project's North and Step-Out Targets in Western Australia. The drilling encompassed 59 RC holes over a total of 1,009 meters, with samples sent to a Perth laboratory for analysis. These targets cover an area of over 290 hectares and have significant potential for Channel Iron Deposits (CID), with preliminary samples suggesting mineralization beyond the drilled regions. The proximity to key infrastructure such as the Onslow Road and the Port of Ashburton is considered advantageous for reducing operational costs. Future steps involve the approval of a diamond drilling program for further metallurgical and geotechnical assessment, with assays expected by late September.
Key Points
  • Maiden RC drilling program completed at North and Step-Out Targets
  • 59 RC holes drilled for a total of 1,009 meters
  • Samples sent to Perth laboratory for analysis
  • Targets cover over 290 hectares with potential for CID
  • Proximity to infrastructure reduces operational costs
  • Future diamond drilling program for further assessments planned
  • Assay results expected by late September
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.