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Paterson Resources ( (AU:PSL) ) has provided an update.
Paterson Resources has successfully raised $1.7 million through a placement and rights issue, enabling the company to fund an extensive 8,500-meter drilling program at its Grace Gold-Copper Project. The upcoming drilling aims to define a JORC-compliant resource and upgrade the mineral resource estimate to the Indicated category. The company is also conducting environmental studies and progressing with a mining lease application, which could enhance its operational capabilities and industry positioning.
More about Paterson Resources
Paterson Resources is a company operating in the mining industry, focusing on gold and copper exploration. Its primary project is the Grace Gold-Copper Project located in the Paterson Province of Western Australia, a region known for significant gold deposits.
YTD Price Performance: 154.55%
Average Trading Volume: 1,847,072
Technical Sentiment Signal: Buy
Current Market Cap: A$14.73M
See more insights into PSL stock on TipRanks’ Stock Analysis page.