Nickelx Ltd (AU:NKL) has released an update.
NickelX Limited has expanded its exploration portfolio with the acquisition of the Penny South Gold Project in Western Australia, situated adjacently south of the high-grade Penny West/North Gold Mine. The Penny South Gold Project offers substantial exploration potential with over 2.5km of strike length and historical drilling indicating significant gold mineralization. The company is optimistic about unlocking considerable value at depth, given previous shallow drilling and plans to prioritize high-grade drilling targets.
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