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Peel Mining Limited (ASX:PEX)

ALERT: Price-sensitive ASX Announcement for PEX
Current share price for PEX : $0.160 0.095 (146.15%)+
Announcement
Release
8 Sep 2025 8:23AM
Price at Release
$0.065
Full Release
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Summary
Red Hill Minerals Limited has announced the commencement of a 4,300-metre diamond drilling program at the Broken Hill Project in New South Wales, Australia. This initiative is part of the Curnamona Earn-In Joint Venture with Peel Mining Limited. The project targets the highly prospective Curnamona province, with plans to explore for copper, gold, lead, zinc, silver, nickel, cobalt, molybdenum, uranium, and platinum group elements. The drilling program includes six drillholes averaging over 700 metres to test four key targets: Woolly, K1, Dementus, and Immortan, aiming to discover Broken Hill Type (BHT), Iron Oxide Copper Gold (IOCG), and stratabound polymetallic mineralization.
Key Points
  • 4,300-metre diamond drilling program begins at Broken Hill.
  • Program part of the Curnamona Earn-In Joint Venture with Peel Mining Limited.
  • Targeting copper, gold, and other minerals in Curnamona province.
  • Six drillholes planned across four targets: Woolly, K1, Dementus, Immortan.
  • Objective to explore for BHT, IOCG, and stratabound polymetallic mineralization.
  • Experienced drilling contractor secured for the project.
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.