Mamba Exploration Limited announced that following the fixed loop electromagnetic survey completed in late December, bedrock conductors have been modelled and drilling planned over the Southern Prospect at the Black Hills Project. The project is approximately 30 km northeast of the Julimar deposit discovered by Chalice Mining and near the town of Bolgart in the Darling Range. The FLEM survey was designed to cover the southern high priority VTEM target.

The FLEM data has now been modelled and has identified three bedrock conductors. Two of the conductors are well defined and worthy of immediate drill testing. A diamond drill rig has been secured and is scheduled to mobilise to site on the 19 January, with the drilling expected to take around 14 days to complete.

The Fixed loop EM survey was undertaken over the previously identified VTEM helicopter-based EM conductors in the southern prospect at Black Hills. The survey included three individual loops and a total of 86 individual stations.