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Burley Minerals Ltd. ( (AU:BUR) ) just unveiled an announcement.
Burley Minerals Ltd reported on its activities for the December 2024 quarter, highlighting significant progress in its iron ore projects in Western Australia. The company received an exploration license for the Cane Bore Iron Project and conducted geological mapping and rock-chip sampling, identifying high-grade iron assay results. These developments have led to the initiation of a maiden drilling program, pending government approval. Additionally, Burley completed a maiden reverse circulation drilling program at the Broad Flat Well Iron Project, yielding promising assay results. Financially, the company reported a cash balance and tax receivables of $1.213M and is exploring strategic funding options amid recent M&A activities in the West Pilbara Iron Ore sector.
More about Burley Minerals Ltd.
Burley Minerals Ltd is an ASX-listed minerals exploration company focusing on iron ore and lithium projects located in Western Australia and Quebec, Canada.
YTD Price Performance: -15.71%
Average Trading Volume: 135,205
Technical Sentiment Consensus Rating: Buy
See more insights into BUR stock on TipRanks’ Stock Analysis page.