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Admiralty Resources NL ( (AU:ADY) ) has issued an announcement.
Admiralty Resources NL announced that its Mariposa Iron Ore Project in Chile has received temporary approval for road transport of iron ore concentrate, allowing exportation of up to 150,000 tonnes over 180 days. This marks a significant operational step in the project’s development, with ongoing support from Hainan Xinlei Management Co Ltd. The company remains engaged with authorities for full-scale development and will provide updates on material developments.
More about Admiralty Resources NL
Admiralty Resources NL is a diversified mineral exploration company listed on the Australian Securities Exchange, with mineral interests in Chile and Australia. The company is advancing its flagship Mariposa Iron Ore Project in Chile, targeting initial production in 2024 and aiming to increase capacity by 2025. Admiralty also has exploration projects in the Harper South district and holds a stake in the Pyke Hill Project in Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$15.78M
Learn more about ADY stock on TipRanks’ Stock Analysis page.