Nex Metals Explorations Ltd (AU:NME) has released an update.
Metalicity Limited is set to commence its highly anticipated maiden drilling program at the Yundamindra Gold Project, marking the first exploration activity at the site in over a decade. The project boasts historical high-grade gold intercepts and is positioned advantageously near several gold mills, with gold prices at record highs. Despite recent delays due to weather-damaged roads, the company expects to start drilling soon, targeting the prospects of Landed at Last and Bonaparte, with plans to accelerate exploration at the promising Pennyweight Point.
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