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Hannan Metals Ltd ( (TSE:HAN) ) has issued an announcement.
Hannan Metals Ltd has received the Authorization for Exploration Activities permit from the Ministry of Mines in Peru for its Valiente copper-gold project, marking a significant step forward in its drilling efforts at the Belen prospect. The permit allows the company to initiate access work for its maiden drill program, targeting three key areas: Ricardo Herrera, Vista Alegre, and Sortilegio, which together demonstrate the vast scale of the mineralized system. With 40 permitted drill platforms, Hannan is well-positioned to systematically explore these targets, with drilling expected to start in Q2 2025, pending final approvals. This development not only advances Hannan’s exploration capabilities but also underscores its commitment to tapping into Peru’s rich mineral resources.
More about Hannan Metals Ltd
Hannan Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of copper and gold projects. It primarily operates in Peru, with a strong emphasis on identifying and advancing mineralized systems with significant resource potential.
YTD Price Performance: 54.29%
Average Trading Volume: 91,050
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$130.1M
See more insights into HAN stock on TipRanks’ Stock Analysis page.