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Cosmo Metals Limited ( (AU:CMO) ) has provided an update.
Cosmo Metals Limited has received approval for its maiden drilling program at the Spring Creek prospect within the Bingara Project in New South Wales. This program aims to follow up on previous high-grade gold intersections and explore potential new zones of mineralization. The drilling will consist of up to 13 reverse circulation drill holes, targeting both shallow and deeper mineralization associated with gold-arsenic soil anomalies. This initiative marks the first drilling at Spring Creek since the mid-1990s and is part of Cosmo’s strategy to unlock the potential of the underexplored 12 km Star of Bingara to Lone Hand Trend, which could significantly impact the company’s operations and industry positioning.
More about Cosmo Metals Limited
Cosmo Metals Limited is a company in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include gold, antimony, and copper, with a market focus on underexplored regions in New South Wales, Australia.
Average Trading Volume: 629,075
Technical Sentiment Signal: Hold
Current Market Cap: A$7.53M
For detailed information about CMO stock, go to TipRanks’ Stock Analysis page.