Maria Resources wins funding to drill Officer Basin

September 08, 2017

Strategic Elements (ASX:SOR) is pleased to announce that 100% owned Maria Resources Pty Ltd has been awarded drill funding under the WA Government Exploration Incentive Scheme (EIS) for the Lennis Project in the western Officer Basin.

Magnetic geophysical data over the Lennis Project reveals a buried circular 7km diameter magnetic ring anomaly with a complex magnetic central core. This feature is potentially caused by a meteorite impact or igneous ring complex. Gravity geophysical data shows a distinctive, strong gravity high potentially related to a buried intrusive body located within the magnetic ring feature1.

Maria Resources has been advised by the Department of Mines and Petroleum that the Lennis Project has successfully been awarded EIS funding after a competitive process with independent peer-review assessment.

Under the EIS, funds committed by Maria Resources towards the approved drill program will be matched with approx. $140,000 from the Western Australian Government.

Read the full announcement including a further update on this project here.