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The latest announcement is out from CGN Resources Ltd. ( (AU:CGR) ).
CGN Resources Ltd. has temporarily paused its drilling operations at the Webb project due to a forecasted rain event, prioritizing the safety of staff and contractors. The company expects a 7 to 10-day halt, with drilling to resume once conditions allow. Initial samples have been sent to Intertek Laboratories, with results anticipated in 6 to 8 weeks, potentially impacting project timelines and stakeholder expectations.
More about CGN Resources Ltd.
CGN Resources Ltd. operates in the mining industry, focusing on exploration and development projects. The company’s primary activities include reverse circulation and diamond core drilling, with a market focus on resource extraction and development.
Average Trading Volume: 112,777
Technical Sentiment Signal: Sell
Current Market Cap: A$8.81M
See more insights into CGR stock on TipRanks’ Stock Analysis page.