Regener8 Resources gains financial support

Regener8 Resources NL (ASX: R8R) has received a co-funded drilling grant from the Western Australian Government's Exploration Incentive Scheme. The grant provides up to $180,000 for the Hatlifter prospect at the East Ponton Project, supporting exploration of nickel-cobalt targets. This funding starts December 1, 2024, and aids ongoing drilling efforts.

Overview of Regener8 Resources' recent advancements

Regener8 Resources NL has been awarded a grant from the Western Australian Government's Exploration Incentive Scheme to support its drilling program at the Hatlifter prospect. This initiative highlights the potential of the East Ponton Project, aimed at exploring paleochannel-hosted nickel-cobalt deposits. The funding will cover a 12-month period starting December 2024, facilitating follow-up drilling. The company's wider exploration portfolio includes projects in NSW and WA, targeting a range of critical minerals. The strategic location of East Ponton near significant mineral discoveries adds to its exploration appeal. Regener8's efforts are in line with its strategy to advance in the critical minerals market.

Insight from Regener8 Resources management

We are grateful for the support from the WA Government and the EIS in progressing our Hatlifter prospect. The technical potential of this project is significant, and this grant will assist in our exploration efforts as we continue our maiden drilling campaign.