Lycaon Resources (ASX:LYN) appointed Topdrill to conduct maiden drilling at the Stansmore niobium-rare earth element-iron oxide copper-gold target in Western Australia.

The drill program is slated to begin in early November, according to a Tuesday filing with the Australian bourse.

In May, the miner secured up to AU$180,000 co-funding grant from the state's Exploration Incentive Scheme to drill at Stansmore.

Shares of Lycaon Resources slid 2% in recent trade.

Price (AUD): $0.31, Change: $-0.0050, Percent Change: -1.59%