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Westar Resources Limited (ASX:WSR)

ALERT: Price-sensitive ASX Announcement for WSR
Current share price for WSR : $0.006 -0.001 (-14.29%)+
Announcement
Release
16 Jun 2026 9:05AM
Price at Release
$0.007
Full Release
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Summary
Westar Resources Limited has been awarded $55,689 under the Northern Territory Government’s Geophysics and Drilling Collaborations (GDC) program. This funding will support an aeromagnetic survey over 569 square kilometers of Westar's Bunda Creek Project in the Birrindudu Basin, a largely unexplored area with potential for sediment-hosted copper and base metal deposits. The survey aims to generate high-resolution data to better understand the basin's structural configuration, aiding in the identification of copper mineralization. The GDC grant underscores the company's strategic focus on discovering tier-one base metal deposits and advances their exploration program in this favorable geological setting.
Key Points
  • Westar Resources Limited awarded $55,689 from NT Government's GDC program.
  • Funding supports aeromagnetic survey over 569 km² of Bunda Creek Project.
  • Project located in Birrindudu Basin, potential for sediment-hosted copper deposits.
  • Survey aims to provide high-resolution data on basin's structural configuration.
  • GDC grant supports exploration strategy for tier-one base metal deposits.
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.