TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Canterbury Resources Ltd. ( (AU:CBY) ) has issued an announcement.
Canterbury Resources Limited has announced the completion of a positive Scoping Study for the Briggs Copper Project in Central Queensland, which indicates the potential for a large-scale copper mine. The study highlights a Mineral Resource Estimate of 2Mt copper, with promising metallurgical test results showing high copper recovery rates. The company, in partnership with Alma Metals Limited, is moving forward with prefeasibility studies to further assess the project’s viability, including detailed drilling and environmental surveys. The project’s strategic location near significant infrastructure enhances its potential, and the ongoing studies aim to increase resource confidence and explore additional value-adding opportunities.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary product is copper, and the company is involved in projects aimed at large-scale open pit mining, particularly in Central Queensland, Australia.
Average Trading Volume: 384,816
Technical Sentiment Signal: Buy
Current Market Cap: A$6.2M
Find detailed analytics on CBY stock on TipRanks’ Stock Analysis page.