Peak Minerals Ltd. announced that Moving Loop Electromagnetics (MLEM) surveys have commenced at Green Rocks Project over the Rixon, Lady Alma and Target B prospects. The surveys are a critical step before drilling Heli-EM conductors. A total of 13 lines and 22 line km of surveying is planned (4 lines at Target B and 9 lines at Rixon and Lady Alma).

The surveys are expected to resolve conductors identified by the Heli-EM survey and detect new, buried targets. Results are expected by the end of May. Target B is part of an earn-in agreement with Taruga Minerals Limited (ASX: TAR) where Peak has the option to acquire up to 80% of tenement E51/1832.

A small, northern portion of Rixon is also part of an earn-in agreement with Technology Metals Australia Limited (ASX: TMT) where Peak has the option to acquire up to 80% of tenement E51/1818.