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An update from Gold Road Resources Ltd ( (AU:GOR) ) is now available.
Gold Road Resources Ltd has initiated a A$10.4 million drilling program at its Gilmour project, aiming to convert the existing Gilmour Underground Inferred Mineral Resource into the Indicated Mineral Resource category. The program includes both infill and extensional drilling to increase the Gilmour Mineral Resource and Ore Reserve. This initiative is part of a larger A$34 million annual discovery budget for 2025, and it is expected to enhance the project’s value and extend its mine life. The drilling is anticipated to be completed by the September 2025 quarter, with the potential to significantly impact the company’s resource estimates and financial performance.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a mining company based in Australia, primarily focused on gold exploration and production. The company operates the Gilmour project in Western Australia, where it engages in both open pit and underground mining activities.
YTD Price Performance: 42.92%
Average Trading Volume: 5,927
Technical Sentiment Signal: Sell
Current Market Cap: $2.13B
See more insights into GOR stock on TipRanks’ Stock Analysis page.
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