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Hammer Metals Limited ( (AU:HMX) ) has provided an announcement.
Hammer Metals Limited has commenced a Phase 2 diamond drilling program at the Bullrush Joint Venture with Sumitomo Metal Mining Oceania. This initiative aims to expand on findings from the initial drilling, targeting magnetic anomalies and gravity highs indicative of sulphide occurrences. The program is expected to conclude in December, with assay results anticipated in January, potentially impacting the company’s exploration strategy and market positioning.
More about Hammer Metals Limited
Hammer Metals Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in joint ventures to explore potential large-scale Iron Oxide Copper Gold (IOCG) systems, particularly in regions like Mount Isa.
Average Trading Volume: 1,002,202
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$25.89M
Learn more about HMX stock on TipRanks’ Stock Analysis page.