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Marquee Resources Ltd ( (AU:MQR) ) has issued an announcement.
Marquee Resources Ltd has completed its initial drilling campaign at the Eastern Hills Prospect within the Mt Clement Project, drilling a total of 1,346 meters across seven RC holes. This phase aimed to confirm and extend known mineralization and identify new structures. The company also received a cash rebate of A$469,095 from the Australian Federal Government’s R&D Tax Incentive program, which will support further exploration efforts. The assay results from the drilling are expected in approximately three weeks, which will guide the next phase of drilling and potentially enhance shareholder value.
More about Marquee Resources Ltd
Marquee Resources Ltd is an exploration company focused on the mining industry, particularly targeting gold, copper, antimony, silver, and lead. The company is actively engaged in exploration projects in Western Australia, with a significant focus on the Mt Clement Project, which is known for its economic quantities of various minerals.
Average Trading Volume: 1,124,673
Technical Sentiment Signal: Sell
Current Market Cap: A$5.02M
Find detailed analytics on MQR stock on TipRanks’ Stock Analysis page.