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Neometals Ltd ( (AU:NMT) ) has issued an update.
Neometals Ltd has announced the acquisition of previously unreported historic drill data for its 100%-owned Barrambie Gold Project, specifically from the Ironclad deposit. This data, comprising assays for 61 drill holes, significantly enhances the project’s dataset and will aid in future Mineral Resource Estimate updates and extension drilling. The company plans to commence further drilling in the December quarter, which is expected to advance the Ironclad deposit towards production. This development is part of Neometals’ broader exploration strategy to explore high-grade gold mineralization within the Barrambie Greenstone Belt, which has seen minimal gold exploration since the 1990s.
More about Neometals Ltd
Neometals Ltd is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly focused on the Barrambie Project in Western Australia, which hosts one of the world’s highest-grade titanium deposits and is also highly prospective for gold mineralization. Neometals has resumed gold exploration after more than 20 years, aiming to advance and grow existing and new targets within its 505 square kilometer tenure.
Average Trading Volume: 1,101,806
Technical Sentiment Signal: Sell
Current Market Cap: A$37.75M
See more data about NMT stock on TipRanks’ Stock Analysis page.