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Octava Minerals Ltd. ( (AU:OCT) ) has shared an update.
Octava Minerals reported a busy March quarter, highlighted by completion of a maiden air-core drilling program at its Byro Critical Minerals Project in Western Australia, targeting mineralised Permian black shales over a 10km by 8km area to depths of about 60 metres. The program follows strong bioleaching testwork and is intended to define significant tonnages and secure additional material for scaled-up metallurgical work.
At its Federation Project in Tasmania, Octava completed the first drilling in nearly 50 years at the Sweeney’s and Anomaly 1 prospects, returning significant polymetallic intercepts and identifying a new antimony-zinc lode open in all directions. The feeder-style sulphide target at Federation remains open down plunge, giving the company greater geological understanding and potential to expand the mineralisation footprint across a relatively small portion of its broader landholding.
More about Octava Minerals Ltd.
Octava Minerals is an Australian exploration company focused on critical and base metals, with projects in Western Australia and Tasmania. Its portfolio includes the Byro Critical Minerals Project in the Gascoyne region, the Federation polymetallic project in western Tasmania, and the East Kimberley nickel and PGM project under a farm-in joint venture with Future Metals.
Average Trading Volume: 374,876
Technical Sentiment Signal: Sell
Current Market Cap: A$5.26M
See more insights into OCT stock on TipRanks’ Stock Analysis page.