Metals Australia Ltd (AU:MLS) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.
For further insights into AU:MLS stock, check out TipRanks’ Stock Analysis page.