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Nickelx Ltd ( (AU:SMX) ) has issued an update.
Strata Minerals Limited has exercised its option to acquire the Zelica Gold Project, enhancing its gold exploration portfolio in Western Australia. The project, located in a highly prospective area with existing infrastructure, offers significant potential for resource delineation and gold extraction, with historical drilling indicating high-grade oxide gold mineralization. The company plans to conduct further drilling to expand on historical results and explore untapped parallel mineralized structures, aiming for near-term mining operations given the favorable market conditions.
More about Nickelx Ltd
Strata Minerals Limited operates in the mining industry, focusing on gold exploration and extraction. The company is engaged in expanding its portfolio in Western Australia, particularly in the Laverton Province, known for its rich gold deposits.
Average Trading Volume: 901,057
Technical Sentiment Signal: Sell
Current Market Cap: A$4.9M
Find detailed analytics on SMX stock on TipRanks’ Stock Analysis page.