Trek Metals (ASX:TKM) awarded a drilling contract for its Christmas Creek project in Western Australia to contractor Precision Exploration Drilling, according to a Thursday filing with the Australian bourse.
Drilling preparations are underway, with a multi-purpose drill rig scheduled for site mobilization this month, the filing said.
The company also secured a Western Australia government co-funded grant worth up to AU$180,000 under the exploration incentive scheme for the program, per the filing.
Shares rose 2% in midday trade Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.