MAX Resource ( (TSE:MAX) ) has issued an update.
Max Resource Corp. has reported high-grade assay results from its Florália Hematite DSO Project in Minas Gerais, Brazil, with iron content reaching up to 64.7% Fe. The project benefits from strategic infrastructure connections, enhancing its potential to supply high-quality DSO to local and international markets. The company is also nearing completion of its 2025 drilling program and has significantly increased its geological target estimates, although these remain conceptual. Additionally, Max is planning a listing on the ASX to secure funding for further exploration and development.
More about MAX Resource
Max Resource Corp. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in iron ore projects, with a market focus on high-grade direct shipping ore (DSO) in Brazil, notably in the Minas Gerais region, which is known for its iron ore and steel production.
YTD Price Performance: -18.18%
Average Trading Volume: 77,994
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.09M
For an in-depth examination of MAX stock, go to TipRanks’ Stock Analysis page.