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Norwest Minerals Ltd. ( (AU:NWM) ) has provided an update.
Norwest Minerals Limited has announced a 33% increase in the gold Mineral Resource Estimate for its Bulgera Gold Project, now totaling 288,400 ounces. This increase is due to a revised 3D geological model and the inclusion of new gold zones, coinciding with the resumption of reverse circulation drilling aimed at further enhancing the gold inventory. The update reflects the doubling of the gold price since 2022, allowing for the inclusion of additional mineralization, and positions the company for potential major gold discoveries.
More about Norwest Minerals Ltd.
Norwest Minerals Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in advancing its Bulgera Gold Project, which is a significant part of its portfolio.
Average Trading Volume: 2,790,801
Technical Sentiment Signal: Sell
Current Market Cap: A$12.59M
For detailed information about NWM stock, go to TipRanks’ Stock Analysis page.