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The latest announcement is out from New World Resources Limited ( (AU:NWC) ).
New World Resources Limited has announced a significant update to the Mineral Resource Estimate (MRE) for its Antler Copper Deposit in Arizona, marking a 25% increase in the resource to 14.2 million tonnes. This update enhances geological certainty and increases the contained metal, positioning the Antler Project as one of the highest-grade copper projects globally. The company is on track to complete its Definitive Feasibility Study by late 2025, with production anticipated to begin in 2027. This development strengthens New World’s position in the copper market, aligning with the growing demand for copper driven by the global energy transition.
More about New World Resources Limited
New World Resources Limited is a company engaged in the mining industry, focusing on high-grade copper projects. Its primary projects include the Antler Copper Project and the Javelin VMS Project in Arizona, USA, and the Tererro Copper-Gold-Zinc Project in New Mexico, USA.
YTD Price Performance: 50.0%
Technical Sentiment Signal: Sell
Current Market Cap: €56.56M
For an in-depth examination of NWC stock, go to TipRanks’ Stock Analysis page.