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The latest announcement is out from Norwest Minerals Ltd. ( (AU:NWM) ).
Norwest Minerals Limited announced the granting of a mining lease for its Bulgera Gold Project, which covers 2,435 hectares, including a historical gold mining center. With the gold price exceeding A$5000 per ounce, Norwest is aggressively pursuing resource expansion through drilling and revising its resource model. The company also reported significant titanium findings at its West Arunta Project, indicating potential for further exploration. Additionally, Norwest launched a $4.85 million capital raising initiative to fund the Bulgera project’s resource expansion and mining option evaluations, highlighting the project’s increased economic potential due to the rising gold prices.
More about Norwest Minerals Ltd.
Norwest Minerals Limited is a company engaged in the mining industry, focusing on gold exploration and development. Its primary projects include the Bulgera Gold Project and the West Arunta Project, both located in Western Australia. The company is actively involved in expanding its gold resources and exploring titanium deposits.
YTD Price Performance: 20.0%
Average Trading Volume: 876,734
Technical Sentiment Signal: Buy
Current Market Cap: A$5.82M
See more insights into NWM stock on TipRanks’ Stock Analysis page.