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Metals Australia Ltd ( (AU:MLS) ) has provided an update.
Metals Australia Ltd has announced a significant expansion of its Lac Carheil Graphite Project in Quebec, Canada, increasing the Mineral Resource Estimate to 50 million tonnes at 10.2% total graphite content, resulting in 5.1 million tonnes of contained graphite. This expansion highlights the project’s potential, with only one of ten graphite trends explored so far, and positions Lac Carheil as a leading graphite project in North America. The project’s strategic importance is underscored by its alignment with Canada’s goals for critical mineral development, supporting the clean energy transition and enhancing Quebec’s role in the production of graphite and battery anode materials.
More about Metals Australia Ltd
Metals Australia Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in graphite projects, with a significant emphasis on expanding its operations in Canada, particularly through its wholly owned subsidiary, Northern Resources Inc.
Average Trading Volume: 469,147
Technical Sentiment Signal: Sell
Current Market Cap: A$14.57M
Learn more about MLS stock on TipRanks’ Stock Analysis page.
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