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Breakthrough Minerals (ASX: BTM) has reached a critical milestone in acquiring the high-grade Errolls Gold Project, following confirmation that exploration tenement E57/996 will not be forfeited. Western Australia’s mining regulator has instead imposed an AU$17,159 fine, payable by the project vendors. This clears a major condition precedent, with shareholder approval set to be the final step at a meeting on 30 May 2025.
Once the acquisition is finalized, Breakthrough plans to launch a maiden RC drilling campaign targeting shallow, high-grade gold zones. With government approvals already secured, drilling is expected to begin in the next quarter. Historical results include intercepts up to 51g/t gold, highlighting the project’s strong potential. Located in the Barrambie Greenstone Belt, the Errolls Project offers a compelling exploration opportunity in a proven gold-producing region of Western Australia. The company sees this as a transformational step for its growth trajectory.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
