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The latest update is out from ACDC Metals Ltd ( (AU:ADC) ).
ACDC Metals Ltd has announced significant progress in its Goschen Central Project, with positive metallurgical and marketing results validating the project’s nominated flowsheet. The company achieved a monazite concentrate with 60.5% total rare earth oxides and confirmed the saleability of its product suite through a marketing study. These results are typical for a Murray Basin ‘WIM style’ heavy mineral sand project, supporting expedited plant design and enabling discussions with potential offtake and strategic partners. ACDC Metals is well-funded with a cash balance of $2.289M AUD to advance its projects, reflecting its commitment to delivering value to shareholders and exploring further development opportunities.
More about ACDC Metals Ltd
ACDC Metals Ltd is a company focused on the development and exploration of high-value mineral sands and rare earth element projects. It operates primarily in the heavy mineral sands and rare earth elements industry, with a strategic emphasis on advancing projects that yield significant mineral resources.
YTD Price Performance: -26.67%
Average Trading Volume: 75,426
Technical Sentiment Signal: Buy
Current Market Cap: A$3.29M
Learn more about ADC stock on TipRanks’ Stock Analysis page.