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An announcement from Peak Minerals ( (AU:PUA) ) is now available.
Peak Minerals Limited announced significant progress in its Minta Rutile Project, with a confirmed expansion of heavy mineral mineralization across a 1,500 km² area. The company reported a 100% success rate in drilling for heavy minerals, with XRD results indicating over 93% of TiO2 from rutile. Additionally, the discovery of high-value rare earth-rich monazite assemblages at Minta Est, with notable in-situ grades and mineral assemblages, positions the company favorably in the market. A strategic investment of $3.5 million by a European investor further supports the company’s fully funded exploration program for 2025, enhancing its industry positioning and potential stakeholder benefits.
More about Peak Minerals
Peak Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of heavy minerals, including rutile and rare earth elements, with a significant market focus on the Minta Rutile Project in Cameroon.
YTD Price Performance: 570.0%
Average Trading Volume: 17,596,200
Technical Sentiment Signal: Hold
Current Market Cap: A$194.8M
See more insights into PUA stock on TipRanks’ Stock Analysis page.