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Cobre Limited ( (AU:CBE) ) has provided an update.
Cobre Limited has completed an infill resource drilling program at the Comet Target within its Ngami Copper Project in Botswana. The drilling, consisting of 10 diamond drill holes over a 2km strike, aims to establish a Mineral Resource Estimate and support a pilot study for in-situ copper recovery. Initial assay results are promising, aligning with expectations and demonstrating continuity of copper and silver grades. The company plans to proceed with metallurgical testing and environmental assessments to advance the project, potentially enhancing its position in the copper mining industry.
More about Cobre Limited
Cobre Limited is a company operating in the mining industry, focusing on copper exploration and development. The company is primarily engaged in projects within the Kalahari Copper Belt in Botswana, with a market focus on advancing copper resources through exploration and potential in-situ copper recovery operations.
YTD Price Performance: 8.00%
Average Trading Volume: 625,312
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$23.74M
For detailed information about CBE stock, go to TipRanks’ Stock Analysis page.