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.

Australian Resources and Investment news reports Boadicea’s Clarke Reward has the potential to have similar mineralisation to GBM Resources’ Mount Coolon project, which produced 590,000 tonnes at 12.2 grams per tonne of gold for 232,000 ounces of gold in the 1990s.

Boadicea Resources Managing Director Jon Reynolds speaks to Proactive following an update from IGO Ltd on a diamond hole it has drilled on Boadicea’s Symons Hill licence within WA's Fraser Range region.

Boadicea Resources could be in for a $50 million payday and a 0.75% net smelter royalty if IGO establishes a JORC resource within a five-year period.