Boadicea Resources Ltd continued to make progress across its Western Australian and Queensland project portfolio in the September quarter by embarking on new exploration endeavours and expanding its tenement portfolio.

Boadicea Managing Director Jon Reynolds highlights IGO’s expanded exploration activities on Boadicea’s Fraser Range tenements which include more work at Symons Hill, identifying a target at South Plumridge and planning next stage works at the Transline tenements which are adjacent to Legend’s Mawson discovery.

IGO identifies a new target at Boadicea’s South Plumridge exploration licence, which has been named Emperor North. This expands their current exploration endeavours across Symons Hill, South Plumridge and Transline tenements.

Boadicea is highly encouraged by the positive progress of IGO within the joint venture properties in Western's Australia's Fraser Range that has led IGO to intensify exploration activities across Boadicea’s licences which IGO has rights to explore.

Boadicea Executive Director Steven Moon continues to show confidence in the company's multi-commodity, multi-state exploration strategy with an on-market purchase increasing his shareholding in the company to 565,000 shares.

Boadicea Resources shareholders are looking forward to a potential $50 million payday from IGO exploration of nine of Boadicea's Fraser Range tenements in Western Australia. The $50 million (plus 0.75% net smelter return royalty) is payable by IGO if it discovers a JORC resource.

Australian Resources & Investment magazine reports Boadicea Resources is uniquely positioned to advance its Western Australian and Queensland tenements. Under its own drilling team and teaming up with IGO in the Fraser Range last year, the company is embarking on its most ambitious exploration period to date.

Boadicea Managing Director Jon Reynolds in an interview with Proactive Investors talks about the company’s new exploration tenement it has applied for in the Drummond Basin of North Queensland. It will be called Mt Carmel.

Boadicea will advance the new Mt Carmel Project alongside its existing Clarke Reward Project with the aim of adding a significant gold resource to its portfolio.

Boadicea Resources looks forward to advancing the Mt Carmel project alongside the Clarke Reward project with the aim of adding a significant gold resource to its portfolio.