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Octava Minerals Ltd. ( (AU:OCT) ) has provided an announcement.
Octava Minerals Ltd has commenced its first drilling program in nearly 50 years at the Sweeney’s prospect within the Federation project in Western Tasmania. This initiative targets high-grade polymetallic sulphide mineralization, with historical data indicating significant copper, zinc, silver, and tin deposits. The current 2000-meter diamond drill program aims to assess the tonnage and grade potential of these resources, potentially enhancing Octava’s position in the critical minerals industry. The project benefits from its strategic location near existing mining infrastructure and power stations, which may facilitate future development and extraction processes.
More about Octava Minerals Ltd.
Octava Minerals Ltd is an Australian-focused explorer specializing in critical minerals. The company is involved in projects that explore resources such as copper, zinc, silver, rare earth elements, lithium, antimony, gold, nickel, and platinum group metals across various locations including Tasmania and Western Australia.
Average Trading Volume: 608,180
Technical Sentiment Signal: Sell
Current Market Cap: A$4.44M
For a thorough assessment of OCT stock, go to TipRanks’ Stock Analysis page.