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Neometals Ltd ( (AU:NMT) ) just unveiled an update.
Neometals Ltd has commenced an exploration drilling program at its Barrambie Gold Project, targeting the Barrambie Ranges gold trend, including the historic Golden Treasure mine. The drilling campaign aims to explore extensions of high-grade mineralization and improve the resource estimates at various sites within the project, such as the Ironclad deposit and the Mystery gold mine trend. This initiative is part of Neometals’ strategy to enhance its gold resource base and move towards commercial gold production, potentially strengthening its position in the mining sector.
More about Neometals Ltd
Neometals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in gold exploration, with a significant focus on its 100% owned Barrambie Gold Project in Western Australia.
Average Trading Volume: 1,122,049
Technical Sentiment Signal: Sell
Current Market Cap: A$43.92M
Learn more about NMT stock on TipRanks’ Stock Analysis page.