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The latest update is out from Allup Silica Ltd. ( (AU:MML) ).
McLaren Minerals has marked a significant step in advancing its McLaren Titanium Project in Western Australia, completing a Pre-Feasibility Study that confirms the operation as a large-scale, long-life and globally competitive titanium project under conservative assumptions. An updated mineral resource estimate of 529Mt at 4.5% heavy minerals, coupled with outstanding near-surface high-grade drilling results and the identification of a second mineralised shoreline, underscores substantial resource scale, grade upside and future growth potential. On the corporate front, the company strengthened its balance sheet via a fully underwritten A$3.6 million entitlement offer, acquired the zircon-rich Barossa Project to add a second advanced mineral sands asset, and continued discussions with potential offtake partners, collectively reinforcing its development pipeline and positioning within the titanium and zircon markets.
The most recent analyst rating on (AU:MML) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Allup Silica Ltd. stock, see the AU:MML Stock Forecast page.
More about Allup Silica Ltd.
McLaren Minerals Limited is an Australian mineral sands explorer and developer focused on titanium and zircon projects, primarily within Western Australia’s Eucla Basin. Its flagship McLaren Titanium Project targets a large-scale titanium-bearing mineral sands system, and the company is expanding its portfolio with additional advanced mineral sands assets such as the zircon-rich Barossa Project in the eastern Eucla Basin.
Average Trading Volume: 4,640,299
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.06M
See more insights into MML stock on TipRanks’ Stock Analysis page.