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Central Iron Ore ( (TSE:CIO) ) has issued an announcement.
Central Iron Ore Limited has commenced the next phase of resource expansion drilling at its British King Project in Western Australia. This phase involves 78 Reverse Circulation drill holes over a nine-week period, aiming to expand the geological model and potentially increase the inferred resource. The drilling is part of a structured two-phase plan for 2025, with the second phase focusing on upgrading the inferred resource to an indicated status. This development could enhance the company’s operational capabilities and market position within the mining sector.
More about Central Iron Ore
Central Iron Ore Limited is a company operating in the mining industry, focusing on the exploration and development of mineral properties. Its primary project is the British King Project located in Western Australia, where it engages in resource expansion and drilling activities to explore and potentially increase its mineral resource base.
YTD Price Performance: 50.0%
Average Trading Volume: 32,413
Technical Sentiment Signal: Sell
Current Market Cap: C$3.14M
See more data about CIO stock on TipRanks’ Stock Analysis page.