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Pan Asia Metals Ltd. ( (AU:FLG) ) has shared an update.
Flagship Minerals Limited has entered into a binding agreement with Anglo American Norte SpA to acquire a comprehensive historical exploration dataset for the Pantanillo Gold Project in Chile. This dataset includes extensive drilling data, geochemical samples, and ground magnetic survey information, which will allow Flagship to fast-track the conversion of a current foreign gold estimate into a JORC-compliant Mineral Resource Estimate. The acquisition is structured with minimal upfront costs and positions Flagship to significantly expand its mineral resources without immediate drilling, enhancing its project development and exploration capabilities.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in gold projects, with a significant focus on the Pantanillo Gold Project located in Chile.
Average Trading Volume: 151,608
Technical Sentiment Signal: Sell
Current Market Cap: A$15.05M
For a thorough assessment of FLG stock, go to TipRanks’ Stock Analysis page.