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Daly Resources Limited (ASX:DLY)

ALERT: Price-sensitive ASX Announcement for DLY
Current share price for DLY : $0.210 0.01 (5%)+
Announcement
Release
6 Jul 2026 9:43AM
Price at Release
$0.200
Full Release
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Summary
Daly Resources Limited (ASX: DLY) announced receiving a $150,000 co-funding under the Northern Territory Government's Geophysics and Drilling Collaborations Program. The funding is earmarked for a regional airborne electromagnetic (VTEM) survey at the Broughton Cu-Zn Project located in Northern Territory's McArthur Basin. The survey, covering over 2,000 line kilometres, aims to explore sediment-hosted copper-zinc mineralisation by mapping conductive stratigraphy and structural corridors. This initiative is part of Daly's efforts to enhance target definition for further exploration and is scheduled to start in the third quarter of 2026.
Key Points
  • Daly Resources Limited awarded $150,000 under NT Government's Geophysics and Drilling Collaborations Program.
  • Funding supports airborne electromagnetic (VTEM) survey at Broughton Cu-Zn Project.
  • Survey covers more than 2,000 line kilometres within EL32992 and EL32993.
  • Objective is to test sediment-hosted Cu-Zn exploration model.
  • Survey integrates with existing geological and geochemical datasets.
  • VTEM survey scheduled to commence in Q3 2026.
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.