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Capital Metals plc ( (GB:CMET) ) has shared an announcement.
Capital Metals has announced promising initial drill assay results from its Phase 1 drilling program at the Taprobane Minerals Project in Sri Lanka. The results show exceptional heavy mineral grades, confirming the potential for a significant resource upgrade. This development is expected to enhance the project’s mine life and planning, with further drilling results anticipated to reveal more high-grade mineralization, potentially strengthening the company’s market position.
More about Capital Metals plc
Capital Metals is a UK-based company listed on the London Stock Exchange, focusing on developing 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: 382,484
Technical Sentiment Signal: Sell
Current Market Cap: £11.8M
See more data about CMET stock on TipRanks’ Stock Analysis page.