Cobre Limited (AU:CBE) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Cobre Limited has retracted its earlier announcement about the Ngami Copper Project’s economic prospects due to non-compliance with ASX listing rules. The company plans to proceed with further exploration, including 9,000 meters of drilling and metallurgical testing, to develop a compliant scoping study. Recent hydrogeological and metallurgical test results show promising copper recovery rates, paving the way for future developments.
For further insights into AU:CBE stock, check out TipRanks’ Stock Analysis page.