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An update from Metals Australia Ltd ( (AU:MLS) ) is now available.
Metals Australia Ltd has announced significant progress in its drilling program at the Manindi West VTM project, extending the discovery zone’s strike to over 1,000 meters. The drilling results, which intersected wide shallow mineralization in 13 out of 14 holes, have confirmed substantial extensions of the mineralized zone. The company is optimistic about the potential of additional targets and is advancing processing pathways for commercially attractive products like ilmenite and magnetite concentrates. With rising metal prices and ongoing evaluations, Metals Australia aims to enhance the value of its projects, providing promising prospects for stakeholders in 2026.
More about Metals Australia Ltd
Metals Australia Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that include high-grade Vanadium-Titanium-Magnetite (VTM) discoveries and Zinc-Copper-Silver resources in the Murchison region of Western Australia. Metals Australia holds significant interests in mining licenses covering these mineral-rich areas, aiming to capitalize on rising metal prices and the demand for critical minerals.
Average Trading Volume: 667,938
Technical Sentiment Signal: Sell
Current Market Cap: A$17.56M
See more data about MLS stock on TipRanks’ Stock Analysis page.