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Metals Australia Ltd ( (AU:MLS) ) has shared an update.
Metals Australia Ltd reported significant progress in its Lac Carheil Graphite Project in Quebec, Canada, with a 595% increase in mineralized graphitic carbon intervals and the establishment of a new high-grade zone. The company also advanced pre-development studies and submitted funding applications for infrastructure, which could cover 50% of costs if successful. Additionally, the company is planning further exploration and drilling activities across its projects, including a new drilling program at the Warrego East project in the Northern Territory, aimed at copper-gold and bismuth targets.
More about Metals Australia Ltd
Metals Australia Ltd is a company operating in the mining industry, primarily focusing on the exploration and development of critical minerals such as graphite, vanadium, titanium, and iron ore. The company has a significant market focus on projects in Canada and Australia, particularly in regions known for their rich mineral deposits.
Average Trading Volume: 540,960
Technical Sentiment Signal: Sell
Current Market Cap: A$15.3M
See more insights into MLS stock on TipRanks’ Stock Analysis page.