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Mt Malcolm Mines NL ( (AU:M2M) ) has issued an update.
Mt Malcolm Mines NL has reported promising assay results from its recent reverse-circulation drilling program at the Picnic South Gold Prospect, part of the Sunday Picnic trend within the Malcolm Project in Western Australia. The results indicate multiple broad gold intersections, with standout peaks of 4.5 g/t Au, confirming continuous mineralisation along a 700m strike. This development, coupled with current high gold prices, suggests strong economic potential for low-cost open pit mining, supporting ongoing exploration and future project development.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL operates in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and extracting gold resources, with a significant market focus on the Western Australian region.
Average Trading Volume: 718,458
Technical Sentiment Signal: Sell
Current Market Cap: A$7.15M
For detailed information about M2M stock, go to TipRanks’ Stock Analysis page.