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Narryer Metals Limited ( (AU:NYM) ) has issued an announcement.
Narryer Metals advanced metallurgical studies at its Rocky Gully project in Western Australia during the March quarter, aiming to define processing routes for scandium, rare earths, gallium and titanium, while also identifying a new scandium-REE project at Pingrup with synergies to Rocky Gully. The company continued work at the Muckanippie heavy mineral project in South Australia, processing drilling results at Rosewood West towards a maiden resource and progressing mineralogical and metallurgical studies on high-grade saprolite targets.
Post quarter, Narryer raised A$1.056 million in equity at a premium to its last closing share price from a mix of strategic and existing investors, including new substantial shareholder Tim Goyder, to support ongoing exploration and project evaluation. Management stated it is actively reviewing additional project opportunities, signalling an intent to expand its critical minerals footprint and potentially strengthen its position in the Australian and Canadian resources sector.
More about Narryer Metals Limited
Narryer Metals Limited is an Australian and Canadian-focused critical minerals exploration company targeting lithium, rare earth elements, scandium, gallium and titanium. Its portfolio includes the Rocky Gully scandium, gallium and REE project in Western Australia and the Muckanippie heavy mineral project in South Australia, positioning it within emerging supply chains for strategic minerals.
Average Trading Volume: 691,044
Technical Sentiment Signal: Buy
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