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Shree Minerals Limited ( (AU:CTN) ) just unveiled an update.
Shree Minerals reported significant progress across its Western Australian exploration portfolio in the March quarter, highlighted by completion of Phase 1 reverse circulation drilling at the Central Yilgarn gold project. Early-stage results at prospects including Chicken Little, T8, Viper and Leghorn confirmed gold mineralisation along strike and at depth, with a high-grade zone at Chicken Little and coherent systems supporting corridor-scale potential.
At Beasley Creek, the Flamingo prospect has been reinterpreted as a copper-dominant VMS system within a larger Cu–Au volcanic hydrothermal setting, with government co-funding secured to support initial drilling and soil programs advancing the target toward drill-readiness. Shree also completed drilling at the newly acquired Breakaway Dam copper VMS project, added three more projects to build a diversified copper-gold-silver pipeline, and agreed to divest its Nelson Bay River iron ore asset to release rehabilitation bonds and strengthen its balance sheet.
More about Shree Minerals Limited
Shree Minerals Limited is an Australian mineral exploration company focused on multi-commodity projects in Western Australia. The company is expanding a portfolio anchored in gold, copper and silver, targeting structurally controlled gold systems and copper-dominant volcanogenic massive sulphide prospects in tier-one mining jurisdictions.
Average Trading Volume: 748,111
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68M
Find detailed analytics on CTN stock on TipRanks’ Stock Analysis page.