Nickelx Ltd ( (AU:SMX) ) has issued an update.
Strata Minerals Limited announced the completion of its maiden drilling program at the Penny South Gold Project and the initiation of field activities at the Biranup Gold Project. The drilling at Penny South, which included 12 reverse circulation holes, targeted mineralized trends and zones of historical interest, with assay results expected soon. Additionally, Strata commenced fieldwork at the Biranup Gold Project, identifying the Black Dragon Prospect as a key area of interest due to significant gold and silver anomalies. The company successfully raised $1.6 million to support these exploration efforts, indicating a strategic focus on expanding its gold resource base and enhancing shareholder value.
More about Nickelx Ltd
Strata Minerals Limited operates in the mining industry, focusing on gold exploration projects. The company is engaged in developing its 100%-owned Penny South Gold Project in Western Australia and the Biranup Gold Project, which is located near the Tropicana Gold Mine.
YTD Price Performance: 50.0%
Average Trading Volume: 2,041,329
Technical Sentiment Signal: Buy
Current Market Cap: A$7.32M
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