Rincon Resources (ASX: $RCR) secures EIS co-funding for Avalon drilling

Rincon Resources Limited (ASX: $RCR) has successfully secured a co-funding grant of up to $180,000 for reverse circulation ('RC') drilling at the new 'Avalon', 'Sheoak', 'K1' and 'K2' Nb-REE/IOCG targets under Round 29 of the Western Australian Government's Exploration Incentive Scheme (EIS). The grant aims to boost the Company's exploration efforts in the West Arunta Region to discover the next Nb-REE or IOCG deposit.

Rincon Resources' Managing Director, Gary Harvey, on EIS co-funding success

We are very pleased to have been successful in this recent Round 29 of the WA Government's Exploration Incentive Scheme (EIS) and is a strong endorsement by the government of the West Arunta Region's potential to be the next significant critical minerals province in WA. It is also a real boost to Rincon's efforts to discover the next major Nb-REE or IOCG deposit in the West Arunta Region.

Rincon Resources' EIS co-funding grant and outlook

Rincon Resources Limited (ASX: $RCR) has secured a co-funding grant of up to $180,000 for RC drilling at new targets in the West Arunta Region, aiming to discover the next major Nb-REE or IOCG deposit. The Company is hopeful of commencing a first pass drilling program as soon as possible, subject to completion of an Aboriginal heritage survey and clearance. The grant, an initiative implemented to encourage exploration in WA, reflects the government's endorsement of the region's potential. Rincon's Managing Director, Gary Harvey, sees this as a strong endorsement of the region's potential and a boost to the Company's efforts. The Company aims to create value for its shareholders by advancing its assets through systematic exploration programs to test, discover, and delineate economic resources for mining.