NBGC, which is 50.1% owned by Red Rock with Power Metals Resources PLC holding the remaining 49.9%, started its first diamond drill programme at the O’Loughlin’s prospect south of Buninyong.
The joint venture was also granted a new 489 km2 exploration licence in Victoria, meaning it has now been granted eight licences covering 1,501 km2.
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Read More: Red Rock Resources’ drilling campaign in Victoria, Australia, with NBGC JV begins