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Canterbury Resources Ltd. ( (AU:CBY) ) has shared an update.
Canterbury Resources Limited has announced significant progress in its Briggs Copper Project, with the completion of a scoping study imminent. The project, one of the largest undeveloped copper projects in Australia, is expected to yield strong financial returns due to favorable factors such as low strip ratio and excellent local infrastructure. Additionally, the company is advancing its exploration efforts with a deep diamond drill hole and planning further drilling programs to enhance resource estimates. Canterbury is also expanding its portfolio with the acquisition of the Jack Shay Project and is conducting a share purchase plan to raise capital.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and development of copper, molybdenum, and silver projects. The company is engaged in several projects across Australia and Papua New Guinea, with a market focus on developing large-scale, long-life mining operations.
Average Trading Volume: 253,706
Technical Sentiment Signal: Buy
Current Market Cap: A$5.6M
Find detailed analytics on CBY stock on TipRanks’ Stock Analysis page.