Knox Secures Two Co-Funding Grants From NT Government

Astro Resources NL (ASX: ARO) has announced that its subsidiary, Knox Resources Pty Ltd (20% by Greenvale Energy Limited), has been granted two co-funding awards by the Northern Territory Government. Administered by the Northern Territory Geological Survey (NTGS), the grants, with a total value of AU$261,106, are awarded as part of Round 16 of the Geophysics and Drilling Collaborations (GDC) program.

Grant 1, worth AU$100,000, will contribute towards conducting an Ambient Noise Tomography (ANT) survey on the Central tenement area EL33375. Recent drilling in this area has revealed the presence of copper and uranium mineralization.

Grant 2, totalling AU$161,106, has been allocated for a 700-meter deep drill hole in the Ranken area of the company's project. This funding aims to explore Iron Oxide, Copper, and Gold (IOCG) targets in the Central region and sediment-hosted zinc-lead targets in the Ranken region.

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