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Bubalus Resources Ltd. ( (AU:BUS) ) has shared an announcement.
Bubalus Resources Limited has commenced exploration on its Victorian exploration licenses, covering approximately 1,000 km² near high-grade gold mines. The company is preparing for a maiden drilling program at the Crosbie South target, with drilling expected to take 30-40 days. Significant geochemical sampling at Crosbie North has returned promising results, enhancing the company’s exploration prospects. Additionally, Bubalus has been granted an option to acquire further exploration licenses, expanding its presence in the region. The appointment of Brendan Borg as Managing Director is expected to drive the company’s strategy and exploration programs forward.
More about Bubalus Resources Ltd.
Bubalus Resources Limited is a company operating in the mining industry, focusing on exploration activities in the Victorian goldfields. The company is involved in gold exploration and holds exploration licenses near high-grade gold mines such as Fosterville, Costerfield, Stawell, and Kingston.
YTD Price Performance: 23.08%
Average Trading Volume: 172,773
Technical Sentiment Signal: Sell
Current Market Cap: A$9.02M
Learn more about BUS stock on TipRanks’ Stock Analysis page.