✅ Fraser Range Nickel exploration update
Yesterday morning GAL put out an update across all of the exploration work ongoing at its Fraser Range project.
The key takeaways for us from today’s announcement was:
- 940m of RC drilling has been completed so far across one prospect.
- EM surveys progressing across three prospects as part of target generation works for future drilling programs.
Todays announcement confirms to us that GAL is actively working towards delivering objectives #1 and #2 that we set in our 2022 Investment Memo as “what we wanted to see GAL achieve in 2022”.
With EM surveying ongoing across three different parts of its Fraser Range project and an RC drilling program running concurrently GAL is setting itself up for a busy year across its Fraser Range project.
One of the primary reasons we continue to hold GAL in our portfolio is because the company is busy all year round with exploration work which increases the probabilities that a discovery can be made, todays announcement is more confirmation of this.
