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An announcement from Metals Australia Ltd ( (AU:MLS) ) is now available.
Metals Australia Ltd has announced the completion of a major drilling program at its Lac Carheil graphite project in Quebec, resulting in a substantial increase in graphitic carbon drill core intervals by approximately 595%. The company is updating its Mineral Resource Estimate with new data, highlighting the significance of a newly identified SE extension zone with high-grade graphite intercepts. The ongoing work, including mine planning and infrastructure development, is expected to support a multi-decade project, enhancing the company’s position in the graphite market.
More about Metals Australia Ltd
Metals Australia Ltd operates in the mining industry, focusing on high-grade flake-graphite projects. The company is engaged in the exploration and development of mineral resources, with a significant project located in Quebec, Canada.
Average Trading Volume: 423,715
Technical Sentiment Signal: Sell
Current Market Cap: A$13.12M
Learn more about MLS stock on TipRanks’ Stock Analysis page.