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Gold Mountain Limited ( (AU:GMN) ) has provided an announcement.
Gold Mountain Limited has announced the advancement of four additional areas at its Irajuba Prospect in Brazil to the diamond drilling stage, marking a significant milestone in its Down Under REE Project. This progression is based on the reinterpretation of high-grade Total Rare Earth Oxides (TREO) and Magnet Rare Earths (MREO) data, which has allowed the company to identify new zones for resource drilling. The company is now seeking diamond drilling permits for these areas and is conducting further sampling and drilling to enhance resource definition. This development positions Gold Mountain to potentially accumulate sufficient resources for a viable project, strengthening its market position and accelerating project development.
More about Gold Mountain Limited
Gold Mountain Limited is a company engaged in the exploration and development of mineral projects, with a focus on lithium, copper, and rare earth elements (REE) in Brazil and Papua New Guinea. The company is listed on the Australian Securities Exchange (ASX: GMN) and is involved in various projects across different regions, including the Cococi, Custodia, Iguatu, Jacurici, Juremal, Salinas, Salitre, and Serido Belt for lithium, and the Ararenda, Sao Juliao, and Iguatu regions for copper.
Average Trading Volume: 115,386
Technical Sentiment Signal: Sell
Current Market Cap: A$11.23M
For detailed information about GMN stock, go to TipRanks’ Stock Analysis page.