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An update from Canterbury Resources Ltd. ( (AU:CBY) ) is now available.
Canterbury Resources Limited has reported significant progress across its major projects during the quarter ending December 31, 2024. At the Briggs project, substantial drilling initiatives have delineated higher-grade mineralization zones and confirmed extensive copper and molybdenum deposits, with further funding by Alma Metals to enhance project equity. The Bismarck project, funded by Rio Tinto, showed potential distal porphyry settings, prompting further analysis. In Morobe, planning for 2025 programs is underway, and at Peenam, new drill targets have been identified, indicating a large porphyry copper system. These developments suggest a promising outlook for resource expansion and project advancement, potentially strengthening Canterbury’s position in the resource sector.
More about Canterbury Resources Ltd.
Canterbury Resources Limited, listed on the ASX under the ticker CBY, is engaged in the exploration and development of mineral resources, primarily focusing on copper and gold projects. The company operates in key regions like Queensland, Australia, with notable projects including Briggs, Bismarck, Morobe, and Peenam, all of which are strategically positioned to leverage substantial infrastructure and skilled local workforce.
YTD Price Performance: 5.00%
Average Trading Volume: 135,786
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.15M
For a thorough assessment of CBY stock, go to TipRanks’ Stock Analysis page.
