The latest update is out from Gibb River Diamonds Limited ( (AU:GIB) ).
Gibb River Diamonds Limited has announced a maiden JORC Inferred Resource of 24,800 tonnes at 1.51g/t for 1,200 ounces of gold at the historic leach pads of its Edjudina Gold Project in Western Australia. This resource complements the existing JORC Indicated and Inferred Resource at the Neta Prospect, enhancing the company’s Mine & Haul operation plans. The leach pads, which are easily accessible and situated above ground, offer a straightforward opportunity for transportation and processing, potentially impacting the company’s operational efficiency and market positioning.
More about Gibb River Diamonds Limited
Gibb River Diamonds Limited operates in the mining industry, focusing on the exploration and development of mineral resources, particularly gold and diamonds. The company is engaged in projects located in the Eastern Goldfields of Western Australia, with a market focus on expanding its resource base and advancing mining operations.
YTD Price Performance: -15.00%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €4.67M
For an in-depth examination of GIB stock, go to TipRanks’ Stock Analysis page.