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Narryer Metals Limited ( (AU:NYM) ) has provided an announcement.
Narryer Metals Limited has announced significant findings from its recent drilling program at the Rocky Gully project in Western Australia, revealing extensive near-surface mineralization of scandium, gallium, and rare earth elements. This development is particularly timely given China’s recent restrictions on the export of these critical minerals, positioning Narryer Metals to potentially become a key player in supplying these materials. The project benefits from its location on previously disturbed land, access to existing infrastructure, and the favorable characteristics of the mineralization, which suggest low-cost extraction and processing. The company plans to advance towards a JORC Resource and is optimistic about the project’s potential scale and economic viability.
More about Narryer Metals Limited
Narryer Metals Limited is a company operating in the mining industry, focusing on the exploration and development of critical minerals such as scandium, gallium, and rare earth elements (REEs). The company is strategically positioned in Western Australia, a region known for its mining-friendly policies and existing infrastructure, which supports low-cost and efficient mineral extraction.
YTD Price Performance: -28.00%
Average Trading Volume: 514,793
Technical Sentiment Signal: Buy
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