Petratherm Ltd (AU:PTR) has released an update.
Petratherm Ltd has announced significant exploration progress with the identification of high-priority Iron-Oxide Copper-Gold (IOCG) targets at its Woomera and Mabel Creek projects, demonstrating potential comparable to notable IOCG deposits like Prominent Hill and Carrapateena. Additionally, the company has expanded its Muckanippie Project area, which shows promise for gold, platinum group metals, and titanium-vanadium. With a robust cash position of $907,000, Petratherm is poised to drill-test several Tier-1 Copper-Gold targets within the year.
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