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Cosmo Metals Limited ( (AU:CMO) ) has shared an update.
Cosmo Metals Ltd has announced a $2 million placement to accelerate exploration activities at its Bingara and Nundle gold-antimony and copper projects in northern New South Wales. The funds raised will support maiden drilling at the Spring Creek gold prospect and further exploration of high-potential targets identified by the NSW Mines Department. This strategic move aims to enhance Cosmo’s position in the mining sector by leveraging underexplored areas with significant historical mineral deposits, potentially benefiting stakeholders through increased project value and resource discovery.
More about Cosmo Metals Limited
Cosmo Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of gold, antimony, and copper projects. The company is engaged in advancing its projects located in the New England Orogen of northern New South Wales, Australia, with a particular emphasis on the Bingara and Nundle projects.
Average Trading Volume: 578,282
Technical Sentiment Signal: Hold
Current Market Cap: A$6.12M
See more data about CMO stock on TipRanks’ Stock Analysis page.