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The latest update is out from Future Metals NL ( (AU:FME) ).
Future Metals NL has reported significant progress in its Eileen Bore Prospect, confirming substantial copper-nickel mineralization through recent drilling activities. The company has also entered into a Memorandum of Understanding with Zeta Resources to explore processing options at the Savannah Plant, and has raised funds through a placement and an upcoming rights issue to further develop the Eileen Bore deposit, aiming to establish a bulk copper feed source.
More about Future Metals NL
Future Metals NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with copper, nickel, and platinum group metals (PGM) and is actively engaged in projects in the East Kimberley region of Western Australia.
YTD Price Performance: -21.43%
Average Trading Volume: 241,180
Technical Sentiment Signal: Buy
Current Market Cap: £4.13M
Learn more about FME stock on TipRanks’ Stock Analysis page.