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Capital Metals plc ( (GB:CMET) ) has shared an update.
Capital Metals has announced the second batch of drill assay results from its Phase 1 drilling programme at the Taprobane Minerals Project in Sri Lanka, revealing exceptional Total Heavy Mineral grades. These results suggest a significant extension of mineralisation, potentially increasing the existing resource. The company anticipates further high-grade mineralisation from pending samples and plans to incorporate these findings into a Mineral Resource Estimate update, which could enhance its industry positioning and stakeholder value.
More about Capital Metals plc
Capital Metals 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 aims to bring significant economic benefits to Sri Lanka through job creation and government royalties.
Average Trading Volume: 411,481
Technical Sentiment Signal: Hold
Current Market Cap: £13.11M
For detailed information about CMET stock, go to TipRanks’ Stock Analysis page.