SER receives two Queensland exploration grants

Core Insights - Strategic Energy Resources (SER) has secured two grants exceeding A$400,000 (approximately $278,604) from the Queensland Government's Collaboration Exploration Initiative (CEI) to support drilling activities at the Diamantina Copper-Gold Project and the Bulimba Gold Project [1][3]. Group 1: Diamantina Copper-Gold Project - The Diamantina Copper-Gold Project, fully owned by SER, received a grant of A$275,000 and is located about 280km south of Cloncurry [1]. - The funding will facilitate exploration of potential extensions of mineralisation identified in historical drill-hole DCT010, which recorded intersections of 6.5m at 0.52% copper and 0.16% nickel from 423m² [2]. - The site is approximately 500m south-west of another drill site, DTD002, which had intersections of 161m at 0.4% copper and 0.11 grams per tonne of gold from 449m² [2]. Group 2: Bulimba Gold Project - A grant of A$137,500 was awarded for drilling at the Bulimba Gold Project, located around 50km north-west of Chillagoe in north-east Queensland [3]. - The project will focus on testing a reversely magnetised intrusion related gold style-epithermal gold target [3]. - A non-binding joint venture (JV) agreement with Sumitomo Metal Mining Oceania (SMMO) was announced earlier this year for the Bulimba project, with ongoing negotiations for a binding JV agreement [3][4]. Group 3: Future Plans and Statements - The drilling programme is expected to be the initial phase under the JV with SMMO, with preparations underway for the upcoming field season [4]. - Efforts are focused on finalising land access agreements and logistics for both projects [4]. - SER's managing director, David DeTata, emphasized that the CEI programme supports technically sound and innovative mineral exploration programmes that contribute to the discovery of critical minerals in Queensland [5].