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Olympio Metals Strengthens Focus on Copper-Gold Project Amid Strategic Divestments
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Olympio Metals Strengthens Focus on Copper-Gold Project Amid Strategic Divestments

Story Highlights
  • Olympio Metals entered an agreement to acquire an 80% interest in Dufay Copper-Gold Project.
  • The company divested its Mulwarrie Project and withdrew from the Cadillac Lithium Project.
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Invest with Confidence:

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

Olympio Metals Limited announced its quarterly activities report for the period ending December 31, 2024, highlighting its strategic focus on the Dufay Copper-Gold Project in Quebec. The company entered an Option Agreement to acquire an 80% interest in this promising project, which has shown high-grade copper sulphides and proximity to major mineral resources. Additionally, Olympio completed the divestment of the Mulwarrie Project, enhancing liquidity and potential future gains through shares in Labyrinth Resources. The company also withdrew from the Cadillac Lithium Project due to a downturn in the lithium exploration market, maintaining a robust cash position of $1.6 million.

More about CropLogic Ltd.

Olympio Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary interest lies in copper and gold projects, particularly in regions known for significant mineralisation, such as the Cadillac Break in Quebec.

YTD Price Performance: -10.0%

Average Trading Volume: 62,969

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.13M

Find detailed analytics on OLY stock on TipRanks’ Stock Analysis page.

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