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An announcement from Peel Mining Limited ( (AU:PEX) ) is now available.
Peel Mining Limited has announced a significant resource upgrade at its Wagga Tank deposit, which is part of the South Cobar Project. The new pit-constrained Mineral Resource Estimate (MRE) includes substantial quantities of copper, gold, silver, lead, and zinc, enhancing the project’s overall resource base. This update is expected to lower upfront capital costs and reduce the development timeframe for the South Cobar Copper Project, potentially improving the company’s operational efficiency and market positioning. The company also reported a cash balance of $2.62 million at the end of the quarter, indicating a stable financial position.
More about Peel Mining Limited
Peel Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include copper, gold, silver, lead, and zinc, with a significant market focus on the South Cobar region in Western New South Wales, Australia.
YTD Price Performance: -35.71%
Average Trading Volume: 7,750
Technical Sentiment Signal: Strong Buy
Current Market Cap: €27.45M
Learn more about PEX stock on TipRanks’ Stock Analysis page.