An announcement from Avenira Limited ( (AU:AEV) ) is now available.
Avenira Limited has announced key developments for the quarter ending March 2025, including the expected site mobilisation for the Wonarah Phosphate Project in May/June, with mining to commence in Q3 and the first shipment in Q4. The company has secured significant investment from Sichuan Hebang Technology and re-engaged experienced mining executive Sean Buxton to lead operations. The revised Mining Management Plan for the project has been accepted with minor changes and is under final review by Northern Territory regulators. These strategic moves are part of Avenira’s efforts to achieve near-term cashflow and establish a foundation for long-term growth.
More about Avenira Limited
Avenira Limited is an Australian company focused on developing the Wonarah Phosphate Project in the Northern Territory and exploring the Jundee South Project in Western Australia. The company aims to supply premium quality phosphate through the production and sale of Direct Shipping Ore (DSO) to regional offtakers.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $16.34M
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