Octava Minerals announces drilling plans

Octava Minerals (ASX:OCT), a company based in Western Australia, has announced the securing of a drilling contractor for its Yallalong antimony project. The project is fully owned by Octava and located in Western Australia's Midwest. A 3000-meter drilling program is set to commence by the end of November 2024, with aims to expand known deposits and explore new targets.

Overview and future outlook for Octava Minerals

Octava Minerals is advancing its Yallalong antimony project with a new drilling program set to begin by late 2024. This 3000-meter program will target both known and new areas, aiming to capitalize on the current high antimony prices. Previous exploration has shown promising high-grade results, and with geophysical surveys underway, the company is optimistic about discovering more mineralization. Octava continues to focus on new energy metals, including antimony, REEs, lithium, and gold, across its projects in Western Australia.

Executive commentary on Yallalong project progress

We are pleased to have secured a drilling contractor for the Yallalong project, which is a significant step forward in our exploration efforts. The recent increase in antimony prices underscores the economic potential of this project. We are focused on uncovering further high-grade antimony mineralization, building on the promising results from previous drilling.