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The latest announcement is out from Bubalus Resources Ltd. ( (AU:BUS) ).
Bubalus Resources reported its March quarter activities, highlighting a maiden 15-hole reverse circulation drilling program at the Avon Plains Gold Project that intersected multiple quartz reef systems and returned gold grades up to 1.26 grams per tonne. The company also completed a geochemical sampling program at the Tin Creek Prospect within the Murrindindi Project and remains focused on assessing these results to guide further exploration.
Planning is under way to commence exploration at the Wilson’s Hill Gold Project near Bendigo, where historical drilling recorded high-grade gold intersections, and to restart work at the Amadeus Critical Minerals Project, which has previously yielded notable gallium values. During the quarter Bubalus rationalised its tenement portfolio, including reducing the area at Amadeus and withdrawing from Avon Plains, while maintaining a cash balance of $3.0 million to pursue its existing projects and potential new opportunities, underpinning its position in the gold and critical minerals sector.
More about Bubalus Resources Ltd.
Bubalus Resources Ltd. is an ASX-listed mineral exploration company focused on gold and critical minerals projects in Australia, particularly in Victoria and the Northern Territory. The company is advancing a portfolio that includes the Avon Plains and Wilson’s Hill gold projects, the Amadeus Critical Minerals Project, and the Murrindindi Project, supported by a solid cash position to fund ongoing and new exploration activities.
Average Trading Volume: 192,450
Technical Sentiment Signal: Sell
Current Market Cap: A$5.84M
For an in-depth examination of BUS stock, go to TipRanks’ Overview page.