Maritana Minerals Limited (ASX: MRT) (“Maritana” or “the Company”) is pleased to announce that it has approved a major resource conversion drilling program totalling approximately 60,000 metres across four projects. The fully funded program is designed to convert and upgrade existing Mineral Resources from Inferred to Indicated classification to support mine planning and an enhanced Life of Mine (LOM) plan for the Black Swan Processing Hub (BSPH).
HIGHLIGHTS
- Maritana has commenced a resource conversion drilling program totalling approximately 60,000 metres across four projects
- The first Reverse Circulation (RC) rig has commenced drilling at Boorara, building up to four RC rigs across multiple resources by early August 2026, including first drilling under Maritana ownership at the Gordons Dam project
- The program is designed to convert and upgrade existing Mineral Resources from Inferred to Indicated classification to support mine planning and de-risk and extend the current five-year LOM
- The conversion drilling follows the recent completion of the Burbanks 15,700 metre Stage 1 program, with Stage 2 extensional diamond drilling ongoing at Burbanks
- Further drilling programs are planned to focus on resource extension opportunities and are staged, with progression to later phases only approved where meaningful results are demonstrated
- Separately, an Aircore (AC) rig is planned to commence a first pass program at the exciting greenfields Wilson’s Project, adjacent to the BSPH, in July 2026
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