Peel Mining Announces Major Resource Upgrade at Wagga Tank

An announcement from Peel Mining Limited ( (AU:PEX) ) is now available.

Peel Mining Limited has announced a significant upgrade to its mineral resource estimate at the Wagga Tank deposit, part of its South Cobar Project. The updated resource estimate includes a pit-constrained mineral resource of 3.56 million tonnes, containing substantial quantities of copper, gold, and silver, as well as lead and zinc. This development is expected to positively impact the company’s future mine development plans by offering a lower capital cost option compared to previous underground mining assumptions. The company is also exploring new targets for gold and copper in the Wagga Tank/Southern Nights area, which could further enhance its resource base.

More about Peel Mining Limited

Peel Mining Limited is an Australian mining company focused on the exploration and development of mineral resources. The company primarily deals with copper, gold, silver, lead, and zinc, with a significant focus on its South Cobar Project in Western New South Wales.

YTD Price Performance: -47.14%

Average Trading Volume: 5,333

Technical Sentiment Signal: Strong Buy

Current Market Cap: €23.13M

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