Rincon Resources (ASX: $RCR) June 2024 Quarterly Activities Report

Rincon Resources Limited (ASX: $RCR) is pleased to report on its activities for the quarter ended 30 June 2024. The company completed a maiden reverse circulation ('RC') and diamond drilling ('DDH') program at Pokali, revealing new copper targets and securing a Western Australian Government Exploration Incentive Scheme ('EIS') co-funding grant of up to $180,000 for RC drilling to test the new targets. The company also completed a Tenement Sale Agreement with Magnetic Resources NL and appointed Mr. Michael Griffiths as Non-Executive Technical Director. Rincon's cash balance at the end of the quarter was $6.02M.

Executive Commentary on Rincon Resources' Activities

The maiden drilling program at Pokali has provided promising results, demonstrating widespread copper mineralization and revealing new copper targets for further exploration. The company is pleased to have secured the EIS co-funding grant, which will support its exploration efforts and the identification of significant Nb-REE or IOCG deposits in the West Arunta Region. The appointment of Mr. Michael Griffiths as Non-Executive Technical Director brings extensive experience to the team, further strengthening Rincon's capabilities in advancing its exploration projects.

Summary of Rincon Resources' Quarterly Activities

Rincon Resources' completion of the maiden drilling program at Pokali has unveiled new copper targets and promising results, indicating widespread copper mineralization. The company's focus on systematic exploration programs to test, discover, and delineate economic resources aligns with its aim to create value for shareholders. Securing the EIS co-funding grant and the appointment of Mr. Michael Griffiths reflect Rincon's commitment to advancing its exploration projects. With a cash balance of $6.02M, Rincon is well-positioned to continue its exploration activities and capitalize on the opportunities presented by its highly prospective assets in Western Australia.