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MinRex Resources Limited ( (AU:MRR) ) has shared an announcement.
MinRex Resources Limited has reported its activities for the quarter ending December 31, 2024, highlighting significant progress at its Sunny Corner Project. The project, which is largely untested by modern exploration techniques, has yielded promising results from rock chip sampling, with high gold and silver concentrations found in several areas. The company is planning further exploration activities, including soil sampling and geological mapping, to better define the mineralization and potential drilling targets. MinRex remains in a strong financial position with $9.46 million in cash, supporting its continued exploration efforts.
More about MinRex Resources Limited
MinRex Resources Limited is an exploration company focused on mineral exploration and development. The company is primarily involved in the exploration of gold and silver, with its key projects located in central west New South Wales, Australia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.68M
See more data about MRR stock on TipRanks’ Stock Analysis page.
