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An announcement from Constellation Resources Ltd. ( (AU:CR1) ) is now available.
Constellation Resources Limited has initiated a diamond drilling program at its Ularring Copper Gold Project to explore a high-quality chargeable anomaly, potentially indicating a high-grade copper-gold deposit. The program involves a two-hole drilling plan, with the first hole targeting a significant chargeability peak, and a second hole contingent on initial results. Additionally, the company announced a non-renounceable entitlement offer to raise approximately $2.36 million.
More about Constellation Resources Ltd.
Constellation Resources Limited operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is engaged in projects such as the Ularring Copper Gold Project, which aims to identify high-grade copper-gold deposits.
YTD Price Performance: -15.00%
Average Trading Volume: 25,879
Technical Sentiment Signal: Buy
Current Market Cap: A$10.72M
See more insights into CR1 stock on TipRanks’ Stock Analysis page.