# NMD: EIS Co-Funded Drilling Program for Halleys

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nmd-eis-co-funded-drilling-program-for-halleys--a7dc1e66-7aae-40c7-ab4e-9cabb7d13c43

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154337

Publisher: asx

Original announcement: 2026-10-19T21:22:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-19T22:39:18.199Z

Atlas analysis updated: 2026-10-19T22:39:18.199Z

- Company: Normandy Minerals Limited

- Ticker: NMD

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Other, Drill results

- Extracted: 2026-10-19 22:39:18 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Normandy Minerals has been awarded up to $101,250 in co-funding from the Western Australian Government's Exploration Incentive Scheme \(EIS\) for the Halleys gold project. The funds will support a two-hole diamond drilling program targeting depth extensions of the existing gold system.

Reasoning: The announcement details the receipt of government co-funding for a planned drilling program, which is a positive non-dilutive capital event for an explorer.

- Positive factor: Non-dilutive funding secured via EIS grant

- Positive factor: Supports extensional drilling targets

- Positive factor: Proactive exploration planning

Facts used in scoring: 1

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The announcement includes a Competent Person statement by Mr Jonathan Lea, a member of AusIMM.

Evidence · text

> prepared by Mr Jonathan Lea, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy.

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.