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Rubix Resources Limited ( (AU:RB6) ) has provided an update.
Rubix Resources Limited announced its preparation for drilling at the Grunter North prospect within the Paperbark project, with operations set to commence in early June. The company has been awarded a $275,000 grant to test a chargeability anomaly, potentially indicating copper sulphide mineralization. This initiative is supported by the Queensland department’s CEI initiative, highlighting the project’s significance in exploring critical minerals. Additionally, Rubix’s engagement with the Waanyi Native Title Aboriginal Corporation underscores its commitment to stakeholder collaboration and sustainable exploration practices.
More about Rubix Resources Limited
Rubix Resources Limited operates in the mineral exploration industry, focusing on the exploration and development of critical minerals such as copper, lead, zinc, and cobalt. The company is actively involved in projects located in the Mount Isa Inlier, particularly the Paperbark and Redbeds projects, which are strategically positioned for exploring sediment-hosted copper and IOCG-style mineralization.
YTD Price Performance: 11.25%
Average Trading Volume: 79,541
Technical Sentiment Signal: Sell
See more data about RB6 stock on TipRanks’ Stock Analysis page.