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OzAurum Resources Ltd. ( (AU:OZM) ) has issued an announcement.
OzAurum Resources Ltd has commenced a Reverse Circulation (RC) drilling program at the Mulgabbie North Gold Project, targeting the Cross Fault Gold Discovery and additional prospects for metallurgical samples. This initiative is part of their strategy to expand high-grade gold zones and advance towards a JORC-compliant resource. The company is also progressing with metallurgical studies and environmental permitting, aiming to optimize heap leach recoveries and prepare for potential mining operations. With gold prices at record highs, OzAurum is focused on fast-tracking feasibility studies and development planning to enhance shareholder value.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is a company operating in the mining industry, focusing on gold exploration and development. Their primary projects are located in the Mulgabbie North region, where they are actively engaged in drilling and metallurgical testing to expand their gold resources.
Average Trading Volume: 595,618
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.98M
For a thorough assessment of OZM stock, go to TipRanks’ Stock Analysis page.