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Nickelx Ltd ( (AU:SMX) ) has issued an update.
Strata Minerals Limited has announced the commencement of its maiden drilling program at the Zelica Gold Project in Western Australia. The program aims to explore high-grade shallow oxide gold mineralization along a 1km strike zone, which remains open at depth and along strike. With historical drilling indicating significant gold potential and no exploration conducted in over a decade, the company sees an opportunity to add value through infill and step-out drilling. The project is situated on a granted mining license, and with current high gold prices, Strata is prioritizing the evaluation of near-term gold extraction opportunities, potentially enhancing shareholder value.
More about Nickelx Ltd
Strata Minerals Limited is a company operating in the mining industry, focusing on gold exploration and extraction. Its primary project is the Zelica Gold Project located in the Laverton Province of Western Australia, an area known for its rich mineral deposits. The company is committed to expanding its operations and increasing shareholder value through strategic exploration and development of its mining assets.
Average Trading Volume: 953,729
Technical Sentiment Signal: Sell
Current Market Cap: A$5.41M
See more data about SMX stock on TipRanks’ Stock Analysis page.