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Peak Minerals ( (AU:PUA) ) has issued an update.
Peak Minerals Limited has announced the discovery of a significant new rutile province at its Minta Rutile Project in Cameroon, following initial results from a maiden greenfields drilling program. The results indicate a broad-spaced rutile discovery with heavy mineral mineralization from the surface, demonstrating the scale and consistency of the deposit. The project spans over 7,000 km², with the first phase of exploration covering approximately 50% of the area. The discovery is expected to have a substantial impact on the company’s operations, potentially positioning it as a significant player in the global rutile market. The pending assays for oversize mineralization could further enhance the project’s value, underscoring its potential as a world-class rutile discovery.
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 discovery and development of rutile, a mineral used in the production of titanium dioxide, at its Minta Rutile Project in Cameroon.
YTD Price Performance: 30.0%
Average Trading Volume: 4,906,410
Technical Sentiment Signal: Sell
Current Market Cap: A$36.5M
For a thorough assessment of PUA stock, go to TipRanks’ Stock Analysis page.