Burley Minerals (ASX:BUR) Maiden Drilling Results and Conservation Plan Update

Burley Minerals Limited (ASX:BUR) has announced the completion of the maiden reverse circulation (RC) drilling programme at the Broad Flat Well Iron Project in Western Australia. The assay results from the drilling programme have been revealed, showing variable thickness and grades of Channel Iron Deposit (CID) style mineralisation. Additionally, the company has delivered the Conservation Management Plan (CMP) for its Cane Bore Iron Project to the Minister of Mines and Petroleum's Office for review and approval.

Executive Commentary on Maiden Drilling Results and Conservation Plan Update

After a prolonged process, we are encouraged the Conservation Management Plan for Cane Bore has arrived at the Mines Minister's office. The Conservation Management Plan clearly shows our proposed exploration programme at the Cane River Class C Reserve has minimal impacts. The proposed exploration programme uses existing access tracks, and minimises new clearing, and through the biological surveys we completed last year, we have demonstrated that there are no threatened or priority ecological communities in the target areas. We have Heritage Protection Agreements in place with the Traditional Owners of the land, and we are lining up heritage surveys now. Furthermore, we have received the assay results received from the maiden drilling programme at Broad Flat Well Iron Ore Project. While the results reflect what we saw in last year's rock chip sampling, that is, good iron grades at surface, extension of grade at depth is inconsistent. At this point, we will prioritise expenditure at Cane Bore and consider the next steps at Broad Flat Well.

Summary of Maiden Drilling Results and Conservation Plan Update

Burley Minerals Limited (ASX:BUR) has reported the completion of the maiden reverse circulation (RC) drilling programme at the Broad Flat Well Iron Project, with assay results indicating variable thickness and grades of Channel Iron Deposit (CID) style mineralisation. The company has also delivered the Conservation Management Plan (CMP) for its Cane Bore Iron Project to the Minister of Mines and Petroleum's Office for review and approval. The proposed exploration programme at Cane Bore has been demonstrated to have minimal environmental impacts and is supported by the traditional owners. Burley Minerals intends to prioritize the maiden drill programme at Cane Bore ahead of further drilling at Broad Flat Well, reflecting its strategic focus and allocation of resources.