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Gold Mountain Limited ( (AU:GMN) ) has issued an update.
Gold Mountain Limited has announced significant findings from its Down Under REE Project, with results from 159 drill hole samples indicating high-grade Total Rare Earth Oxide (TREO) and Magnet Rare Earth Oxides (MREO). The discovery of thick mineralized profiles at the IR-2 prospect and the identification of two new areas for resource drilling suggest a promising expansion of their exploration efforts. The ongoing drilling and future plans for resource drilling in additional areas highlight the project’s strong potential and could enhance the company’s positioning in the rare earth elements market.
More about Gold Mountain Limited
Gold Mountain Limited is a company focused on mining projects, particularly in the lithium, copper, and rare earth elements (REE) sectors, with operations primarily in Brazil and Papua New Guinea.
Average Trading Volume: 113,189
Technical Sentiment Signal: Sell
Current Market Cap: A$7.94M
See more data about GMN stock on TipRanks’ Stock Analysis page.