Rincon Resources (ASX: $RCR) announces commencement of drilling activities

Rincon Resources Limited (ASX: $RCR) has received aboriginal heritage clearance for drilling activities to commence at its high-priority Avalon Nb-REE target, as well as the Sheoak, K1, and K2 targets within the West Arunta Project in Western Australia. The initial drill program will include up to 3,000m of mixed DD/RC drilling and is set to begin in mid-July following the completion of site works. The Company is well-funded following a recent $5.6 million capital raising.

Rincon's Managing Director, Gary Harvey, on the upcoming drilling program

We are excited to commence drilling at our Avalon target, which we interpret as a potential carbonatite intrusion with niobium and rare earth element (Nb-REE) enrichment in the upper weathered profile. The size and characteristics of the Avalon anomaly, compared to recent significant discoveries in the region, heighten our anticipation for this program. With $5.6 million recently raised, our strong financial position enables us to aggressively pursue these opportunities and potentially extend our initial program should positive results warrant it.

Summary of Rincon Resources' drilling program and future outlook

Rincon Resources Limited (ASX: $RCR) has received heritage clearance for drilling activities at its high-priority Avalon Nb-REE target, as well as the Sheoak, K1, and K2 targets within the West Arunta Project in Western Australia. The Company plans an initial 3,000m DD/RC drill program to primarily test the source of the Avalon gravity target and the 3 km lateral extent of weathered zone where potential niobium enrichment may be present. Rincon's Managing Director, Gary Harvey, expressed excitement for the upcoming drilling program and highlighted the company's strong financial position, enabling aggressive pursuit of opportunities and potential program extensions based on positive results. Rincon aims to create value for its shareholders by advancing its assets through systematic exploration programs to test, discover, and delineate economic resources for mining.