Exploration update on Canobie project

Strategic Energy Resources Limited (ASX: $SER) has commenced a gravity survey at the Canobie Project in northwest Queensland under a Farm-in and Joint Venture with FMG Resources Pty Ltd, a subsidiary of Fortescue Ltd. The survey aims to collect approximately 3500 new gravity measurements covering about 70km of strike, with the results expected in the next quarter. Fortescue is funding all the survey costs, and the data collected will aid in future drill targeting across the project area.

Executive commentary on gravity survey at Canobie

Gravity is a key dataset in the search of IOCG-style deposits in the Mt. Isa region. This extensive survey will infill the entire tenement area with high resolution gravity data, which will greatly assist in future drill targeting across the project area. The commitment by Fortescue to a gravity survey of this scale demonstrates the prospectivity of Canobie to host a Tier-1 discovery undercover.

Summary of Canobie project gravity survey

Strategic Energy Resources, in collaboration with Fortescue, has initiated a gravity survey at the Canobie Project to target Iron Oxide Copper-Gold (IOCG) mineralisation. The survey, funded by Fortescue, aims to collect approximately 3500 new gravity measurements covering about 70km of strike, with the results expected in the next quarter. The data collected will assist in refining the exploration model and ranking new drill targets in preparation for future drill testing. The commitment by Fortescue to fund this extensive survey underscores the potential of Canobie to host a Tier-1 discovery undercover, positioning SER for significant exploration advancements in the Mt Isa region.