Gibb River Diamonds Limited (AU:GIB) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Gibb River Diamonds Limited has announced the successful completion of an Aboriginal Heritage Clearance Survey and a comprehensive Flora and Faña Survey on its main lease, M04/477, at the Ellendale Diamond Project, paving the way for the resumption of diamond mining. No significant environmental impediments were identified, and the company is now advancing towards publishing a JORC Resource for the high-grade E9 Alluvials. Concurrently, GIB is exploring a range of financing options, including partnerships and debt or equity funding, to develop the mining operation.
For further insights into AU:GIB stock, check out TipRanks’ Stock Analysis page.
