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Cosmo Metals Limited ( (AU:CMO) ) has issued an announcement.
Cosmo Metals Limited has confirmed the prospectivity of antimony at its Bingara Project in New South Wales, following a LiDAR survey and initial field reconnaissance. The survey identified the Antimony Gully Trend, an 8km corridor with clusters of historical antimony mines and workings, including the McManus mine, which showed significant antimony and gold values. This development positions Cosmo Metals to advance its exploration strategy in a region recognized for its antimony-gold potential, potentially impacting its industry standing and offering new opportunities for stakeholders.
More about Cosmo Metals Limited
Cosmo Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of gold, antimony, and copper, with a market focus on regions known for their mineral endowment, such as the New England Orogen in New South Wales, Australia.
Average Trading Volume: 850,229
Technical Sentiment Signal: Hold
Current Market Cap: A$8.25M
For a thorough assessment of CMO stock, go to TipRanks’ Stock Analysis page.