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The latest announcement is out from Canterbury Resources Ltd. ( (AU:CBY) ).
Canterbury Resources Limited announced initial assay results from its deep drilling activities at the Briggs Copper Project in central Queensland, revealing significant copper mineralization. The results from drill hole 25BRD0037 show promising copper, molybdenum, and silver concentrations, with further results expected soon. The drilling program, partially funded by a government grant, aims to support the company’s Prefeasibility Study and update the Briggs Mineral Resource Estimate. The ongoing drilling efforts are crucial for validating geological models and enhancing resource estimates, potentially impacting the company’s market positioning and stakeholder interests.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is a company operating in the mining industry, focusing primarily on the exploration and development of copper deposits. The company is listed on the Australian Securities Exchange (ASX: CBY) and is actively engaged in projects in central Queensland, Australia.
Average Trading Volume: 380,212
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.2M
For detailed information about CBY stock, go to TipRanks’ Stock Analysis page.