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Redstone Resources Limited ( (AU:RDS) ) has shared an update.
Redstone Resources Limited has successfully completed a private placement, raising $650,000 to fund its ongoing exploration activities at the West Musgrave Copper Project. The funds will be used for further drilling and evaluation of copper and cobalt mineralisation, with recent assays indicating promising results, including significant copper and cobalt intersections. This development enhances Redstone’s prospects in the region, which is geologically favorable for Voisey’s Bay style mineralisation, and strengthens its market position as it continues to explore and potentially expand its resource base.
More about Redstone Resources Limited
Redstone Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper projects. Its primary project is the West Musgrave Copper Project in Western Australia, which is known for its high-grade copper deposits and potential for significant mineralisation.
Current Market Cap: A$4.18M
See more insights into RDS stock on TipRanks’ Stock Analysis page.