McLaren Minerals Advances Exploration at Titanium Project with New Funding

An announcement from Allup Silica Ltd. ( (AU:MML) ) is now available.

McLaren Minerals Limited has raised $1.5 million through a Shortfall Placement to advance its exploration and feasibility activities at the McLaren Titanium Project. The company has commenced a 6,000-meter air core drilling program, which is 40% complete, revealing consistent intersections of heavy mineralization and potential operational benefits from pressurized saline groundwater and gypsum. The project remains on track with its pre-feasibility study expected in Q2 2025. Additionally, there have been changes in the company’s board, with Michael Arnett appointed as Non-Executive Chair.

More about Allup Silica Ltd.

McLaren Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary project is the McLaren Titanium Project located in the West Eucla Basin of Western Australia, which hosts a significant resource of heavy minerals including ilmenite, rutile, leucoxene, and zircon.

YTD Price Performance: -7.50%

Average Trading Volume: 172,742

Technical Sentiment Signal: Buy

Current Market Cap: A$5.24M

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