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Strategic Elements closing in on drilling meteorite impact structure

The drill targets within the Behemoth Project have potential for nickel, copper, gold and rare earths.

Strategic Elements Ltd - Strategic Elements closing in on drilling meteorite impact structure
A programme of works application has been lodged for drilling

Strategic Elements Ltd (ASX:SOR) is advancing its program to drill multiple, large conductor targets at its Behemoth Project in the Officer Basin, Western Australia.

The targets are large bured gravity and induced polarisation (IP) anomalies detected in recent exploration work.

Three of the targets are considered very large with length of 3 kilometres, 2 kilometres and 1.4 kilometres.

Drilling is partially funded under the Western Australian Government Exploration Incentive Scheme.

Before drilling can start a Programme of Work must be approved and heritage clearance received.

Drill target is a potential meteorite impact structure

Strategic Element’s managing director Charles Murphy said: “It’s a high-risk, high-reward project however with EIS grant funding and R&D rebates we have structured it to be as cost effective as anyone could make it.

“The project fits squarely with our focus on highly innovative ventures seeking very large scale upside.

Minerals exploration, artificial intelligence, nanocube technology

“To say there is a lot happening across our three main projects (drilling at Behemoth, AI and robotics in Stealth Technologies and the Nanocube Printed Memory) is an understatement.

“Our various project teams are being challenged and I am certainly very pleased with the commitment and results starting to flow.”

Quick facts: Strategic Elements Ltd

Price: 0.07 AUD

Market: ASX
Market Cap: $20.05 m

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