GWR Group Limited advised shareholders that a diamond drilling program has commenced at the Prospect Ridge magnesium project located in north west
Tasmania . This follows the granting of drilling approvals from Mineral Resources Tasmania for a 31 hole, 4,650 m program in late December 2022 at the Arthur River Prospect. The Arthur River prospect is a large high grade magnesium deposit where previous exploration has identified an Inferred Mineral Resource estimate of 25.1Mt @ 42.4% MgO (refer to ASX announcement dated 27th January 2022). The Phase 1 program will test the central portion of the Arthur River deposit to investigate continuity and gain an understanding of drilling conditions and provide additional samples for metallurgical test work and potential offtake partners.