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Peak Minerals ( (AU:PUA) ) has provided an announcement.
Peak Minerals has completed the acquisition of an 80% stake in the Kitongo and Lolo Uranium Projects, along with the Minta Rutile Project in Cameroon. The company has begun a low-cost, high-impact drilling program at the Minta Rutile Project, which spans approximately 8,800 square kilometers and holds potential for rutile, zircon, rare earths, and gold. The initial drilling results are expected in the first quarter of 2025. This acquisition and the ongoing exploration are significant steps for Peak Minerals in enhancing its position in the mining sector and expanding its portfolio in a promising region.
More about Peak Minerals
Peak Minerals Limited is a company in the mining industry, focusing on the exploration and development of mineral projects. The company primarily targets heavy mineral sands (HMS) including rutile, zircon, rare earths, and gold, as well as uranium projects in West Africa.
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $24.01M
See more insights into PUA stock on TipRanks’ Stock Analysis page.
