Metals Australia Ltd ( (AU:MLS) ) has issued an update.
Metals Australia Ltd has commenced a major drilling program at its Lac Carheil Graphite Project in Quebec, aiming to expand its high-grade graphite resource. The program involves 7,000 meters of diamond drilling to enhance the quantity and quality of the existing mineral resource, which currently supports a 15-year project life. The drilling is expected to significantly extend the project’s life and resource potential, with updates on significant results to be provided as they become available. The revised Mineral Resource Estimate will be reported in accordance with JORC and NI 43-101 standards, with further mine planning and infrastructure design phases to follow.
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 the production of high-grade flake graphite, with a significant project located in Quebec, Canada.
YTD Price Performance: 5.00%
Average Trading Volume: 427,953
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.3M
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