Cobre Limited (AU:CBE) has released an update.
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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.
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