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Dome Gold Mines Ltd. ( (AU:DME) ) has shared an update.
Dome Gold Mines has reported a new JORC 2012-compliant construction sand resource estimate for the Kulukulu South area of its Sigatoka iron sand project in Fiji, confirming approximately 19.9 million tonnes of high-quality construction sand that can be produced alongside magnetite concentrate. The company says the confirmation of this large construction sand inventory, which exhibits high silica content and suitable characteristics for concrete and asphalt, materially enhances the revenue potential of a future sand processing operation at Sigatoka, especially given the scarcity of similar resources on smaller Pacific islands and globally. Dome also announced the appointment of experienced sand mining specialist Peter Hinner to its board, reinforcing leadership as it advances the Sigatoka feasibility study and moves toward a mining lease application, and confirmed a three-year renewal of its Sigatoka Special Prospecting Licence to late 2028, securing tenure for ongoing project development.
More about Dome Gold Mines Ltd.
Dome Gold Mines Ltd is an Australian-listed resources company focused on developing iron sand and associated construction sand deposits in Fiji, particularly the Sigatoka project, which hosts significant magnetite-bearing sand resources with potential applications in construction materials markets across the Pacific region.
Average Trading Volume: 19,972
Technical Sentiment Signal: Sell
Current Market Cap: A$44M
For an in-depth examination of DME stock, go to TipRanks’ Overview page.