NT Minerals (ASX: $NTM) announces exploration agreement

NT Minerals Limited (ASX: $NTM) has announced its entry into an agreement for an exploration and ownership opportunity in the Archaean Yilgarn Craton of Western Australia. The agreement with 10M Pty Ltd presents a low-cost opportunity to acquire an asset covering an entire Greenstone belt, which is considered prospective for Copper, Lead, Zinc, and Gold mineralisation.

Executive Commentary

The agreement with 10M provides an exciting opportunity for the Company to explore for copper and other minerals in the mid-west of WA with a very low entry cost. We will review historical studies and commence fieldwork to validate this historical work.

Summary and Outlook

NT Minerals Limited (ASX: $NTM) has taken a significant step by entering into an agreement for an exploration and ownership opportunity in the Archaean Yilgarn Craton of Western Australia. The project, known as the Twin Peaks Project, is located in the Murchison Province of the Archaean Yilgarn Craton and covers the entire Twin Peaks Greenstone Belt, which is believed to be prospective for Copper, Lead, Zinc, and Gold mineralisation. The historical mining within the belt has recorded high-grade copper, and recent activity included a trial mining program focused on iron ore potential within the excised mining lease. The Company's Managing Director, Rodney Illingworth, expressed enthusiasm about the agreement, highlighting the low entry cost and the Company's plans to review historical studies and commence fieldwork to validate the historical work. NT Minerals is actively seeking to identify and compile all historical exploration completed over the project area and is planning to undertake reconnaissance fieldwork to validate historical results. The exclusive term of the agreement is 12 months, extendable at NT Minerals' option, and includes exclusive rights to all minerals discovered during exploration, excluding Fe-ore on M59/768. The Company is responsible for all tenement rents, fees, etc., during the term of the agreement. This strategic move positions NT Minerals to potentially unlock significant value from the exploration of copper, base metal, and gold assets in the Yilgarn Craton, marking a positive development for the Company's corporate strategy and growth prospects.