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Shree Minerals (ASX:SHH) - Executive Director, Sanjay Loyalka (right)
Executive Director, Sanjay Loyalka (right)
Source: Tasmanian Times
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  • Shree Minerals (SHH) has teamed up with Australia’s national science agency, the CSIRO, to study the Box Hole Project in the Northern Territory
  • The parties have signed a research agreement that aims to integrate all available data to generate a 3D model to assist with drill targeting
  • The research study will receive 50 per cent co-funding from the CSIRO kick-start program
  • On the market this afternoon, Shree is up 8.33 per cent and is trading at 1.3 cents

Shree Minerals (SHH) has teamed up with Australia’s national science agency, the CSIRO, to study the Box Hole Project, near Harts Range in the Northern Territory.

The parties have signed a research agreement that aims to integrate all available data to generate a 3D model to assist with drill targeting.

Under the agreement, Shree will have access to extensive expertise within the CSIRO.

The research study will receive 50 per cent co-funding from the CSIRO’s kick-start program.

The initiative provides funding and support for Australian small businesses to access CSIRO’s research expertise and capabilities to help grow and develop their business.

Box Hole covers an area of 127 square kilometres and is around 250 kilometres northeast of Alice Springs.

Executive Director of Shree Minerals Sanjay Loyalka is pleased to have CSIRO as a research partner.

“The company is very pleased to have engaged CSIRO for the study at Box Hole and for this study to be supported by 50 per cent funding from CSIRO. The study will give Shree access to the CSIROs expertise in the fields of geophysical data processing, geochemical vectoring and 3D modelling,” Mr Loyalka said.

“The resultant lithostructural model will improve understanding of the controls of mineralisation and allow better targeting of exploration drilling.”

On the market this afternoon, Shree is up 8.33 per cent and is trading at 1.3 cents each 2:13 pm AEST.

SHH by the numbers
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