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Cosmo Metals Limited ( (AU:CMO) ) just unveiled an announcement.
Cosmo Metals Limited has announced the results of a preliminary high-density LiDAR survey over the Nundle Goldfield, revealing significant extensions to previously mapped gold lodes. The survey identified a cumulative strike length of 2.5km at the Folly Line and 6.7km at Hanging Rock, with numerous historic shafts and pits. This development enhances the company’s understanding of the area’s prospectivity and supports future exploration efforts, including a maiden drilling program at Spring Creek. The findings could significantly impact Cosmo’s operations by opening up new exploration targets and strengthening its position in the mining industry.
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 engaged in the extraction of gold, antimony, and copper, with a market focus on underexplored historic goldfields, such as the Nundle Goldfield in New South Wales, Australia.
Average Trading Volume: 862,480
Technical Sentiment Signal: Hold
Current Market Cap: A$5.15M
For an in-depth examination of CMO stock, go to TipRanks’ Overview page.