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Gold Mountain Limited ( (AU:GMN) ) has issued an update.
Gold Mountain Limited has announced promising results from its Varzedo Prospect within the Down Under Project area, revealing high rare earth element (REE) grades from stream sediment samples. These findings underscore the potential for significant REE mineralization, with plans for further exploration through auger and diamond drilling. Additionally, a probable gold target has been identified for further testing, indicating a potential expansion of the company’s resource base.
More about Gold Mountain Limited
Gold Mountain Limited is a company operating in the mining industry, focusing on lithium, copper, and rare earth element (REE) projects primarily in Brazil and Papua New Guinea. The company is engaged in exploring and developing mineral resources with a market focus on high-grade mineralization areas.
Average Trading Volume: 117,381
Technical Sentiment Signal: Sell
Current Market Cap: A$10.62M
For an in-depth examination of GMN stock, go to TipRanks’ Overview page.