Pure Resources Limited (AU:PR1) has released an update.
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Pure Resources Limited has exercised its option to acquire the Reedy Creek Garnet Project in Western Australia, which boasts high-grade garnet deposits ready for trial mining. Situated on a live mining license, the project promises rapid development and potential market expansion, especially in Asia. The company aims to position itself as a leading hard-rock garnet producer by leveraging the project’s high-quality resources.
For further insights into AU:PR1 stock, check out TipRanks’ Stock Analysis page.