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Dominion Minerals Limited ( (AU:IVG) ) has provided an update.
InVert Graphite Limited has announced promising results from its Kumba deposit at the Morogoro Project in Tanzania, demonstrating consistent high-grade graphite mineralization over a 2km strike. The company is preparing for an initial Reverse Circulation drilling program to further explore the high-grade trench results, which could significantly enhance its position in the graphite industry. Additionally, the imposition of 93.5% anti-dumping duties on Chinese graphite imports by the US Commerce Department could provide a favorable market environment for InVert’s operations.
More about Dominion Minerals Limited
InVert Graphite Limited, formerly known as Dominion Minerals Limited, is an Australian company focused on the exploration and development of critical minerals in Tanzania and South Australia. The company has recently acquired 100% ownership of the Morogoro Project in Tanzania, which is a key part of its strategy to expand its presence in the critical minerals market.
YTD Price Performance: 6.25%
Average Trading Volume: 802,269
Technical Sentiment Signal: Hold
Current Market Cap: A$11.65M
For an in-depth examination of IVG stock, go to TipRanks’ Overview page.