Metals Australia Ltd (AU:MLS) has released an update.
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Metals Australia Ltd is gearing up for a significant expansion of its Lac Carheil high-grade flake-graphite project in Quebec, Canada, with newly acquired drilling permits and a 115% increase in project area. The company aims to potentially double its mineral resource with upcoming drilling operations, positioning itself strategically next to major iron ore operations. Additionally, the company is progressing with metallurgical tests and has received interest from potential end users, further bolstering the project’s prospects amid rising demand for graphite in North America.
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