Audalia Resources Limited (AU:ACP) has released an update.
Audalia Resources Limited has received primary environmental approval for their Medcalf Project, a vanadium-titanium-iron project in Western Australia, and is now working towards obtaining the remaining regulatory approvals. They are also engaging in negotiations for potential offtake agreements and seeking financial backing for the project. The company reported a decrease in cash reserves to $21,000 for the quarter, with ongoing assessments of funding options to continue the project’s development.
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