OAR Resources Ltd ( (AU:CR3) ) has shared an update.
Core Energy Minerals Limited has expanded its Cummins Uranium Project on the Eyre Peninsula by securing additional tenure, which adds 517 square kilometers to its holdings. The company is preparing for a maiden drilling campaign in the second quarter, with permits submitted for an initial 50-hole, 3,000-meter air-core drilling program targeting historic anomalies. This expansion and drilling initiative are expected to enhance Core Energy’s positioning in the uranium exploration sector, potentially leading to rapid follow-up drilling and increased stakeholder interest.
More about OAR Resources Ltd
Core Energy Minerals Limited is a company operating in the mining industry, focusing on uranium exploration and development. The company holds significant tenement portfolios in South Australia’s Eyre Peninsula and the central Gawler Craton, both known for their uranium prospects.
YTD Price Performance: 50.0%
Average Trading Volume: 18,333
Technical Sentiment Signal: Strong Buy
Current Market Cap: €2.06M
Learn more about CR3 stock on TipRanks’ Stock Analysis page.