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Broken Hill Prospecting expands Murray Basin landholding with 2 new tenements

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Broken Hill Prospecting expands Murray Basin landholding with 2 new tenements

Broken Hill Prospecting Ltd. said Oct. 3 that it was granted two new tenements, EL8650 Euston North and EL8649 Euston South, in New South Wales, expanding the company's landholding in the Australian state's Murray Basin heavy mineral sands region to over 2,500 square kilometers.

According to Broken Hill, it is now the largest tenement holder in Murray Basin and the newly granted Euston project areas host multiple strandlines with heavy mineral sand mineralization persisting over several kilometers of strike length.

Initial exploration activities at Euston will focus on geological modeling and data validation aimed at increasing the company's mineral resource inventory, which already comprises the Jaws and Gilligans deposits in the area.

At a 1% cutoff, the combined inferred mineral resource at the Jaws and Gilligans deposits total 113 million tonnes at 1.8% heavy mineral, Broken Hill said in August.

The company also lodged four new tenement applications over three prospective areas in Victoria and one in South Australia, which are results of the company's extensive data compilation and prospectivity analysis.

Broken Hill's tenement application in South Australia covers the Oakbank, Boxwood Dam and Johnsons Dam strandline heavy mineral sand deposits, which have had preliminary resource estimates undertaken by previous explorers.