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OzAurum Resources Ltd. ( (AU:OZM) ) has issued an announcement.
OzAurum Resources Ltd has provided an update on the Mulgabbie North Gold Project, highlighting positive progress in its heap leach feasibility study, which is fully funded by Line Hydrogen Pty Ltd. The study includes designs for a trial open pit and heap leach intended to become cash flow positive soon. The project benefits from a simplified permitting process, and recent developments include completed heritage and ecological surveys, lodged water abstraction license, and ongoing diamond drilling for a geotechnical study. These advancements, supported by a recent $1 million capital raise, are expected to impact the company’s operations positively, enhancing its potential development plans and exploration activities.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is a Western Australian explorer focused on advanced gold projects located northeast of Kalgoorlie and projects in Minas Gerais, Brazil, that are prospective for lithium, niobium, and rare earth elements. The company aims to make significant discoveries that can be brought into production.
YTD Price Performance: 0%
Average Trading Volume: 247,361
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.92M
Learn more about OZM stock on TipRanks’ Stock Analysis page.
