Strategic Energy Resources Limited ( (AU:SER) ) has shared an announcement.
Strategic Energy Resources Limited has announced an update on its Ambergate Heavy Mineral Sands Project in Western Australia, now covered by retention licenses, allowing for cost-effective holding of the deposit. The project boasts a JORC 2012 Inferred Resource of 11.2 million tonnes with 5.1% heavy minerals, and the company is actively exploring options to maximize project value, including potential divestment. This development positions SER strategically within a region dominated by major global mineral sands producers, potentially enhancing its market presence and offering opportunities for stakeholders.
More about Strategic Energy Resources Limited
Strategic Energy Resources Limited operates in the mineral sands industry, focusing on the exploration and development of heavy mineral sands projects. The company is involved in the production of marketable minerals such as ilmenite, zircon, rutile, garnet, and monazite, primarily in Western Australia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.94M
Learn more about SER stock on TipRanks’ Stock Analysis page.