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OAR Resources Ltd ( (AU:CR3) ) just unveiled an update.
Core Energy Minerals Limited has commenced its maiden drilling campaign at the Cummins Uranium Project in South Australia. The initial phase includes 50 aircore drill holes, with the potential to extend to 120 under the approved permit. The program aims to confirm historical intercepts and explore high-grade uranium mineralization, with results expected in approximately eight weeks. The project employs Bostech Drilling Australia, known for its environmentally conscious drilling practices, and aims to provide valuable data for future exploration and potential discoveries.
More about OAR Resources Ltd
Core Energy Minerals Limited operates in the mining industry, focusing on the exploration and development of uranium resources. The company is engaged in identifying and assessing potential uranium mineralization, with a market focus on leveraging significant geophysical anomalies to discover high-grade uranium deposits.
YTD Price Performance: -52.00%
Average Trading Volume: 758,139
Technical Sentiment Signal: Sell
Current Market Cap: A$4.74M
Learn more about CR3 stock on TipRanks’ Stock Analysis page.