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Metals Australia Ltd ( (AU:MLS) ) has shared an update.
Metals Australia Ltd has announced significant assay results from its 2025 drilling program at the Lac Carheil Graphite Project, revealing the presence of precious, base, and critical minerals such as gallium, gold, silver, copper, iron, and vanadium within graphite zones. This discovery has led to a 3.3-fold increase in the Mineral Resource Estimate, highlighting the potential for broader metal recovery beyond graphite. The company is now focused on evaluating the possibility of concentrating and recovering these minerals as byproducts during graphite processing, supported by a grant from the Quebec government. This initiative aims to enhance mineral recovery and reduce environmental impact, potentially benefiting stakeholders by increasing the project’s value and sustainability.
More about Metals Australia Ltd
Metals Australia Ltd is involved in the mining industry, focusing on the extraction and processing of precious, base, and critical minerals. The company operates primarily through its Lac Carheil Graphite Project in Quebec, Canada, with a strong emphasis on supplying battery anode materials for the clean energy transition.
Average Trading Volume: 550,797
Technical Sentiment Signal: Buy
Current Market Cap: A$19.76M
For a thorough assessment of MLS stock, go to TipRanks’ Stock Analysis page.