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Capital Metals plc ( (GB:CMET) ) has shared an announcement.
Capital Metals PLC has announced the completion of its Phase 1 drilling program at the Taprobane Minerals Project in Sri Lanka, revealing a significant expansion of the mineralisation surface area by approximately 300%. The latest drill assay results confirm high-grade heavy mineral content, which enhances the project’s long-term potential and positions it for further development. The company is now focused on updating its Mineral Resource Estimate, which is expected to demonstrate the project’s world-class quality and support future production plans.
More about Capital Metals plc
Capital Metals PLC is a UK-based company listed on the London Stock Exchange, focusing on the development of the Taprobane Minerals Project in Sri Lanka. The project is known for its high-grade mineral sands, including ilmenite, rutile, zircon, and garnet, and is considered one of the highest-grade mineral sands projects globally. The company is committed to modern mining practices and aims to bring significant benefits to Sri Lanka, including job creation and substantial government royalties and taxes.
Average Trading Volume: 406,163
Technical Sentiment Signal: Hold
Current Market Cap: £16.7M
For detailed information about CMET stock, go to TipRanks’ Stock Analysis page.