Anax Metals Limited (AU:ANX) has released an update.
Anax Metals Limited announced significant progress in their Whim Creek Copper-Zinc JV Project, with plans to establish a processing hub in Pilbara and promising results from their heap leach program. The company’s strategy involves the production of copper cathode and zinc sulphate from low-grade sulphide ore, demonstrating a robust financial outlook with an expected average production of 12,000 tonnes of Copper Equivalent annually over an 8-year mine life. They also announced a newly executed MOU with GreenTech Metals Ltd and a drilling contract with Topdrill Pty Ltd, reflecting their expanded focus on base metal exploration.
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