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Australian Mines ( (AU:AUZ) ) has shared an announcement.
Australian Mines Limited has secured a drilling permit for its Boa Vista Gold Project in Brazil’s Tapajós region, aiming to unlock high-grade gold resources. The project, which hosts a historic inferred resource, is set to commence a 3,000-meter diamond drilling program pending shareholder approval. The drilling will target high-grade structures and explore deeper mineralization, potentially supporting a low-cost, long-life open-pit gold operation. The success of this exploration could significantly enhance the company’s operations and industry positioning, providing robust mineralization indicators and advancing towards a JORC-compliant resource.
More about Australian Mines
Australian Mines Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of gold and other valuable minerals, with a market focus on developing high-grade mining projects.
YTD Price Performance: -30.0%
Average Trading Volume: 8,366,867
Technical Sentiment Signal: Sell
Current Market Cap: A$11.97M
For a thorough assessment of AUZ stock, go to TipRanks’ Stock Analysis page.