Strata Minerals Awarded AU$200,000 Government Grant for Penny South Deep Drilling Program.

Strata Minerals Limited (ASX: SMX) has been awarded a government co-funded exploration grant of up to AU$200,000 under Round 31 of Western Australia’s Exploration Incentive Scheme (EIS). The funding will support a deep drill program at the company’s Penny South Gold Project, located approximately 500 metres south of Ramelius Resources’ high-grade Penny Mine. The program aims to target deeper extensions of mineralised zones identified during Strata’s recent maiden RC drilling campaign.

The grant will reimburse up to 50% of direct drilling and mobilisation costs, encouraging further exploration of high-grade gold mineralisation through diamond drilling, known for its high-quality geological core analysis. The Penny South Project sits within a world-class gold district and benefits from strong geological potential. With drilling planned between June 2025 and May 2026, the company sees this support as a key step toward unlocking long-term value and acknowledges the WA Government’s ongoing backing of mineral exploration.

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