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The latest update is out from Gibb River Diamonds Limited ( (AU:GIB) ).
Gibb River Diamonds Limited announced promising results from its Phase 1 grade control drilling at the Neta Gold Prospect within the Edjudina Gold Project. The drilling, conducted by BML Ventures Pty Ltd, revealed excellent grades and confirmed the coherent nature of mineralization starting at the surface. The results, including a significant intersection in drillhole 25NRC017, suggest a high-grade shoot target for future exploration. With the recent granting of the Mining Proposal Permit, Gibb River Diamonds is poised to commence mining operations, with BML Ventures preparing to mobilize equipment for ground preparation in August 2025.
More about Gibb River Diamonds Limited
Gibb River Diamonds Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in projects such as the Edjudina Gold Project in Western Australia, where it collaborates with private mining contractors to advance its mining operations.
Average Trading Volume: 123,613
Technical Sentiment Signal: Buy
Current Market Cap: A$9.87M
For a thorough assessment of GIB stock, go to TipRanks’ Stock Analysis page.