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An announcement from Redstone Resources Limited ( (AU:RDS) ) is now available.
Redstone Resources Limited has completed its diamond drilling program at the West Musgrave Copper Project, targeting deep mineralization beneath the existing Tollu Cu deposit. Initial geological observations are promising, with geochemical assay results expected in August. The drilling costs were significantly reduced through a co-funding grant from the Exploration Incentive Scheme. The company also completed heritage surveys for potential future drilling. This exploration effort aims to confirm the presence of a Voisey’s Bay style high-grade magmatic massive sulphide Cu-Ni deposit, enhancing Redstone’s positioning in the copper exploration industry.
More about Redstone Resources Limited
Redstone Resources Limited is an exploration company focused on copper exploration in Western Australia. The company is primarily engaged in the development of its 100% owned West Musgrave Copper Project, with a focus on discovering high-grade copper deposits.
Current Market Cap: A$3.62M
For an in-depth examination of RDS stock, go to TipRanks’ Overview page.