Cosmos Exploration

EIS Co-funded Drilling Grant Awarded for Byro East
9 May 2024


  • Cosmos Exploration Ltd has been awarded a co-funded drilling grant of up to $100,000 under the WA Government’s Exploration Incentive Scheme (EIS) for the Leatherback REE Prospect at the Company’s Byro East Project in the Gascoyne Mineral Field, WA.

  • The grant will help Cosmos undertake a 2,500m combined AC-RC drilling program to test the five mineralised REE surface trends (L1-L5) occurring over a strike of 2.5km, as well as the broader silicate-alkaline complex, focusing on areas under transported cover and structural complexity.

  • AC-RC drilling will target priority areas containing high-grade rock chip assays of up to 2.20% TREYO (33% NdPr) from the Leatherback L1 mineralised trend and 1.09% TREYO (BY23K0360) from the L2 trend.

  • Ground disturbance permits (POWs) have been granted, and earthworks contractors have been engaged.

  • Heritage survey planned for June 2024