Hammer Metals Ltd receives funding for exploration program

Hammer Metals Ltd (ASX: $HMX) has been awarded $300,000 by the Queensland Government under the Collaborative Exploration Initiative (CEI) scheme to fund a diamond drilling program at the Hardway prospect. The program aims to explore the copper/rare earth mineral system discovered by Hammer in 2023. The company's Managing Director, Daniel Thomas, expressed excitement about the funding and highlighted the significance of the CEI program for the junior exploration sector.

Executive Commentary on Exploration Activities

Daniel Thomas, Managing Director of Hammer Metals, expressed the company's excitement at being selected as one of the CEI recipients for 2024. He emphasized the importance of the Queensland Government's CEI program for the junior exploration sector and its role as a non-dilutive funding source for the company's exploration ambitions. Thomas also highlighted the completion of two drilling programs in the current year and the company's solid funding base, indicating a busy year ahead with exposure to world-class copper-gold exploration programs.

Summary of Exploration Activities and Outlook

Hammer Metals Ltd has been awarded $300,000 under the Queensland Government's CEI scheme to fund a diamond drilling program at the Hardway prospect, aimed at exploring the copper/rare earth mineral system discovered by the company in 2023. The company's Managing Director, Daniel Thomas, expressed enthusiasm for the funding and highlighted the significance of the CEI program for the junior exploration sector. With two drilling programs already completed in the current year and a solid funding base, Hammer Metals looks forward to a busy year with exposure to world-class copper-gold exploration programs. The company also provided an expected newsflow, including drill results and program updates, indicating an active period ahead for exploration activities.