Burley Minerals granted Exploration License E08/3424 over Cane Bore Iron Project

Burley Minerals Limited (ASX:BUR) has announced the granting of Exploration License E08/3424 over the Cane Bore Iron Ore Project in the Hamersly Province of the Pilbara, Western Australia. The project, located approximately 100 km from the Port of Onslow, has revealed more than 30km of remnant Channel Iron Deposits (CID) with historic rock sampling indicating grades of 51.3% to 55.0% Fe. Burley is preparing for a mapping and rock-chip sampling programme and is in the process of engaging with Traditional Owners to complete heritage surveys for the maiden drill programme.

Stewart McCallion, Managing Director & CEO, Burley Minerals

We are very pleased to have the Cane Bore exploration license granted. This is a major milestone for Burley as Cane Bore has the potential for significant CID-style iron resources, rivalling its neighbours in the local region. Our geologists are getting ready to mobilise to site and complete mapping and surface sampling over 30km of remnant Channel Iron Deposits (CID) that sits up to 20m above the surrounding terrain. We are liaising with the Traditional Owners of the land to arrange heritage surveys over the primary drilling targets. The approved Conservation Management Plan detailed the proposed exploration programme at Cane Bore and this forms the basis to lodge a PoW application to DEMIRS now; there is more than 200 hectares of CID target areas to explore in this first pass. We are very excited about commencing a maiden drill programme over this substantial project and thank Burley shareholders for their patience while we reached this significant milestone.

Exploration License Granted for Cane Bore Iron Project

Burley Minerals Limited (ASX:BUR) has been granted Exploration License E08/3424 over the Cane Bore Iron Ore Project, marking a significant milestone for the company. The project, located within the Pilbara region of Western Australia, has shown potential for substantial CID-style iron resources, with more than 30km of remnant Channel Iron Deposits (CID) identified. Burley is preparing for a mapping and rock-chip sampling programme and engaging with Traditional Owners to complete heritage surveys for the maiden drill programme. The company's Managing Director & CEO, Stewart McCallion, expressed excitement about commencing a maiden drill programme over this substantial project, highlighting the potential for significant iron resources. The approval of the Conservation Management Plan and the subsequent PoW application process are expected to pave the way for the exploration of over 200 hectares of CID target areas in the first pass.