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Olympio Metals Advances Canadian Projects and Divests Non-Core Assets

Story Highlights
  • Olympio Metals commenced diamond drilling at the Dufay Project to explore priority targets.
  • Olympio entered an agreement to acquire 80% of the Bousquet Gold Project in Quebec.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An announcement from CropLogic Ltd. ( (AU:OLY) ) is now available.

Olympio Metals Limited, a company engaged in mineral exploration, has initiated diamond drilling at its Dufay Copper-Gold Project to explore priority targets identified by ground EM surveys. The company also entered into an Option Agreement to acquire an 80% interest in the Bousquet Gold Project in Quebec, located on the Cadillac-Lake Larder Fault Zone. Additionally, Olympio has opted to sell its non-core Halls Creek Project to Clutch Group Pty Ltd, with the proceeds intended to support its Canadian ventures. The company’s strategic moves aim to enhance its focus on promising Canadian assets while maintaining a favorable capital structure.

More about CropLogic Ltd.

YTD Price Performance: 25.00%

Average Trading Volume: 371,156

Technical Sentiment Signal: Buy

Current Market Cap: A$4.4M

For a thorough assessment of OLY stock, go to TipRanks’ Stock Analysis page.

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