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The latest announcement is out from Allup Silica Ltd. ( (AU:MML) ).
McLaren Minerals has completed a Pre-Feasibility Study for its McLaren Titanium Project in Western Australia, confirming it as a long-life and globally competitive operation with a 529Mt resource grading 4.5% heavy minerals and robust forecast economics, including a pre-tax NPV of A$252.2 million and an IRR of 26%. The company has launched a 13,000m drilling campaign to upgrade and expand resources, support a maiden Ore Reserve and advance a Bankable Feasibility Study, while lodging additional tenement applications and progressing the Barossa Zircon Project, supported by a fully underwritten ~A$1.5 million share purchase plan for feasibility, exploration and working capital.
More about Allup Silica Ltd.
McLaren Minerals Ltd is an Australian exploration and development company focused on titanium and zircon-rich mineral sands projects. Its flagship McLaren Titanium Project in Western Australia targets a large-scale heavy mineral resource, while the Barossa Zircon Project in South Australia offers district-scale zircon and potential rare earth element opportunities.
Average Trading Volume: 916,689
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
See more data about MML stock on TipRanks’ Stock Analysis page.