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The latest announcement is out from Reedy Lagoon Corporation Limited ( (AU:RLC) ).
Reedy Lagoon Corporation Limited has identified multiple drill targets at its Burracoppin Gold Project in Western Australia using detailed magnetic data and soil sampling. The project, situated between Perth and Kalgoorlie, shows promising signs of gold mineralization in surface soils related to geological structures in the bedrock. The company plans to proceed with first-pass drilling to further explore these targets, which could enhance its positioning in the gold exploration sector. The next steps involve securing funds, obtaining necessary permits, and conducting drilling operations, which could have significant implications for stakeholders if successful.
More about Reedy Lagoon Corporation Limited
Reedy Lagoon Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in identifying and developing gold deposits, with a specific focus on projects located in Western Australia.
Current Market Cap: A$776.7K
For detailed information about RLC stock, go to TipRanks’ Stock Analysis page.