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Rafaella Resources Ltd. ( (AU:PVT) ) has issued an update.
Pivotal Metals reported an active March quarter, advancing drilling and target generation at its Belleterre projects while progressing resource and metallurgical work at Horden Lake. The company ended the period with a cash balance of $4.44 million, supporting an ongoing multi-front exploration and study program in Québec.
At Belleterre, Pivotal began its first drilling since acquiring the projects, testing multiple copper, nickel and gold targets at Midrim and Lorraine, following IP surveys that outlined new gold and copper prospects near the historic Lorraine Mine. At Horden Lake, metallurgical testwork indicated potential for significant grade uplift through ore sorting, while a resource update and scoping study aim to enlarge the existing copper-equivalent inventory and clarify the project’s cash-flow potential over the coming quarters.
More about Rafaella Resources Ltd.
Pivotal Metals Limited is an ASX-listed exploration and development company focused on copper, nickel, gold and platinum group metal projects in Québec, Canada. Its key assets include the Belleterre exploration portfolio, covering Midrim, Lorraine and Laforce, and the more advanced Horden Lake copper-nickel-PGM development project.
Average Trading Volume: 4,467,025
Technical Sentiment Signal: Buy
Current Market Cap: A$19.66M
For detailed information about PVT stock, go to TipRanks’ Stock Analysis page.