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An announcement from Delta Lithium Limited ( (AU:DLI) ) is now available.
Delta Lithium Limited has announced a significant upgrade to the Mineral Resource Estimate at its Mt Ida Project, increasing the contained gold by 46% to 1.1 million ounces. This development paves the way for a potential standalone mining operation, with mining approval already granted for both open pit and underground mining. To capitalize on this opportunity, Delta is demerging its gold assets into a new entity, Ballard Mining Limited, which will seek ASX admission to raise capital for further project advancement. This strategic move allows Delta to focus on its core lithium exploration while maintaining a substantial interest in the gold mining activities at Mt Ida.
More about Delta Lithium Limited
Delta Lithium Limited is an exploration and development company primarily focused on lithium projects, with significant interests in the Yinnetharra and Mt Ida Projects in Western Australia.
Average Trading Volume: 628,995
Technical Sentiment Signal: Buy
Current Market Cap: A$121.8M
Learn more about DLI stock on TipRanks’ Stock Analysis page.