tiprankstipranks
Trending News
More News >

Marquee Resources Completes Initial Drilling and Secures R&D Rebate

Story Highlights
Marquee Resources Completes Initial Drilling and Secures R&D Rebate

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1