Phosphate Australia Limited
(ASX:POZ) has announced that drill testing of priority targets has commenced at the company’s 100 per cent owned Mount Monger Gold Project in WA.
The maiden drill program of 1,500 metres aircore will test multiple under-cover gold targets over approximately 5 kilometres of strike.
The drilling should be completed before the end of march and assay results will be reported once they have been received and assessed.
Phosphate Australia reported a net profit of $543,000 at 30 June 2015.
