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An announcement from Metals Australia Ltd ( (AU:MLS) ) is now available.
Metals Australia Ltd reported a significant increase in the mineral resource at its Lac Carheil Graphite project in Canada, with a 3.3-fold rise to 5.1 million tonnes of contained graphite. The company has advanced its mining and environmental work programs for a prefeasibility study and is making progress in its Project Economic Assessment for a Battery Anode Material plant. In Australia, the company completed drilling at its Warrego Copper, Gold, Bismuth project and continued metallurgical test work at its Manindi Vanadium-Titanium-Magnetite Project. Financially, the company ended the quarter with a cash balance of $6.82 million, with expectations of tax credit refunds 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. Its primary products include graphite, with significant projects in Canada, and it is also involved in copper, gold, and vanadium projects in Australia.
Average Trading Volume: 763,777
Technical Sentiment Signal: Buy
Current Market Cap: A$21.95M
For an in-depth examination of MLS stock, go to TipRanks’ Overview page.