Australasian Metals Limited (AU:A8G) has released an update.
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Australasian Metals Limited has reported the discovery of significant gallium and germanium mineralization in their May Queen South Bauxite Project in Queensland, indicating potential value amidst a global surge in gallium prices driven by high demand in the electronics and semiconductor industries. The project’s proximity to existing rail infrastructure and ports enhances its strategic importance, especially as the market faces disruptions and price increases due to Chinese export controls.
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