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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.