Sept 3 (Reuters) - Sovereign Gold Company Ltd SOC.AX :
* Soc market update SOC.AX
* Funding grant is to test the potential for base and precious metal deposits associated with vtem conductors
* "NSW government's new frontiers cooperative drilling program has provided a grant of $65,000 to fund 50% of direct drilling costs"
* Settlement has no material impact to the company
* deadline for completing halls peak cooperative drilling program extended; and Singapore high court action advised in may settled
* "funding grant is to test the potential for base and precious metal deposits associated with vtem conductors"
* Source text for Eikon ID:nASX780kGr