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Admiralty Resources NL ( (AU:ADY) ) just unveiled an announcement.
Admiralty Resources NL has made significant progress in advancing its Mariposa Iron Ore Project in Chile, with a focus on ramping up production and improving product quality. The company has received temporary road transport approval, allowing for the export of up to 150,000 tonnes of iron ore concentrate, and is working on infrastructure developments, including electricity and water supply, to support its operations. These advancements are crucial for the project’s transition from diesel to electric power and the planned expansion to 1 million tonnes of production.
More about Admiralty Resources NL
Admiralty Resources NL is a company operating in the mining industry, focusing on the production of iron ore. Its primary project is the Mariposa Iron Ore Project in Chile, which is currently in the pre-production phase. The company is working on increasing its production capacity and improving the quality of its iron ore products to meet growing market demand.
Technical Sentiment Signal: Sell
Current Market Cap: A$15.78M
Learn more about ADY stock on TipRanks’ Stock Analysis page.