Critical metals exploration and development company MetalsGrove Mining Ltd (ASX:MGA) has wrapped up its first reverse circulation (RC) drilling program at.
Mosman Oil and Gas has announced that its application to the Northern Territory Government Geophysics and Drilling Collaborations program has been successful. Mosman s subsidiary, Trident Energy, has been awarded a grant of 50% of costs capped at AU$50,000 for the innovative targeting of hydrogen and helium using soil sampling to advance exploration activity.
The Northern Territory Budget has revealed that mining continued to be the largest contributor to the economy, with 31.7% of gross state product (GSP) sourced from the sector in 2021-22.
In its Budget, the Northern Territory government revealed that mining output increased by 13.4% over 2021-22, largely driven by an increase in oil and gas production.