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Octava Minerals Ltd. ( (AU:OCT) ) has issued an announcement.
Octava Minerals Ltd reported significant progress in its exploration activities for the quarter ending December 2024, notably completing initial drilling and a geophysical survey at the Yallalong antimony project, which revealed new targets. The company successfully raised $1.25 million to fund further exploration at Yallalong and completed metallurgical core drilling at Byro, with samples submitted for analysis. Additionally, Octava sold its Talga Project to Global Lithium Resources for $400,000, enhancing its financial position while focusing on its core projects.
More about Octava Minerals Ltd.
Octava Minerals Ltd is a mining company based in Western Australia, specializing in the exploration and development of antimony, nickel, copper, rare earth elements (REEs), and lithium (Li). The company’s projects are located in strategic regions, including Yallalong for antimony, Byro for REEs and lithium, and East Kimberley for nickel and platinum group metals (PGM).
YTD Price Performance: -12.50%
Average Trading Volume: 756,082
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$6.41M
See more insights into OCT stock on TipRanks’ Stock Analysis page.
