The company recently lodged its research and development tax incentive claim for the 2015 financial year and it expects to receive $200,000.
Additionally, the prospectus for the Clayton Valley lithium spin-off, Marquee Resources has been lodged with authorities.
Force Commodities will retain a 9.375% equity position upon successfully listing with the equity valued at $450,000 at the $0.20 issue price.
The company is also currently awaiting assays due shortly from drill holes SG04, SG05 and SG06 at the 100% owned Halls Peak - Gibson project located in New South Wales.
Recent assays saw SG03 intersected 102.3 metres at 4.40% zinc and lead, 0.39% copper, 88.94 g/t silver and 0.26 g/t gold from surface.
This follows intersections in the first two holes of:
- SG01: 43.30 metres at 5.06% zinc and lead, 0.98% copper, 23.79 g/t silver, 0.14 g/t gold including 3.80 metres at 16.78% zinc, 3.85% lead, 2.13% copper, 41.84 g/t silver and 0.22 g/t gold; and
- SG02: 47.60 metres at 3.91% zinc lead, 0.48% copper,10.92 g/t silver, 0.07 g/t gold including 16.40 metres at 5.93% zinc, 2.27% lead, 0.77% copper, 17.01 g/t silver and 0.13g/t gold.
Analysis of the deposit will be conducted and a structural image will be compiled and released shortly, incorporating all previous and existing drilling results.
The presence of high-grade copper mineralisation at depth suggests the possibility of second style of mineralisation in the Halls Peak area, potentially massive sulphide replacement bodies in intensely carbonate-altered rocks or a porphyry-style mineralisation at depth.