Monax to Move Ahead with Nickel Exploration

The Australian Mining reported that Monax (ASX:MOX) will move ahead with its Western Gawler Craton project in South Australia after the signing of a Native Title Mining Agreement with the Far West Coast Aboriginal Corporation.

As quoted in the market news,

The agreement will allow commencement of on-ground exploration drilling in the June quarter 2015. as part of a farm-in agreement with Western Areas.

So far exploration has comprised aeromagnetic survey and historical exploration data and core.

Exploration drilling will be funded up to $100,000 by the Plan for Accelerating Exploration (PACE) government initiative.

Click here for the full Australian Mining report