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The latest announcement is out from Metals Australia Ltd ( (AU:MLS) ).
Metals Australia Ltd has announced the commencement of a new drilling program at its Warrego East Project in the Northern Territory, targeting copper, gold, and bismuth. The program involves over 3,000 meters of initial drilling across five significant targets, situated near historically significant mines. This initiative is part of the company’s strategic efforts to capitalize on the rising metal prices and increasing interest in the Tennant Creek Mineral Field, which is becoming a prime destination for exploration and acquisition. The drilling program represents a culmination of extensive preparatory work, including geophysical surveys and land access agreements, and aims to enhance shareholder value by advancing the company’s diverse portfolio of assets.
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 involved in the extraction and exploration of critical minerals and gold, with a particular emphasis on projects located in world-class mineral terranes.
Average Trading Volume: 453,716
Technical Sentiment Signal: Sell
Current Market Cap: A$12.39M
See more insights into MLS stock on TipRanks’ Stock Analysis page.