Mt Malcolm Mines NL ( (AU:M2M) ) has issued an update.
Mt Malcolm Mines NL has updated its assessment of stockpiles at the Golden Crown Prospect, reclassifying them as an Exploration Target under JORC 2012 guidelines. The estimated target contains 2,200 to 2,500 WMT tonnes with gold grades ranging from 2.6 g/t to 3.0 g/t. The stockpile presents a near-term opportunity for cash flow, with high-grade samples reaching up to 42.74 g/t Au. This reinforces confidence in the potential for commercial-scale production and the expansion of known mineralized zones.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is listed on the Australian Securities Exchange under the ticker M2M and is engaged in evaluating and advancing its mineral assets, particularly in the Golden Crown Prospect.
YTD Price Performance: -23.33%
Average Trading Volume: 803,252
Technical Sentiment Signal: Buy
Current Market Cap: A$5.21M
For a thorough assessment of M2M stock, go to TipRanks’ Stock Analysis page.