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Sunstone Metals Limited ( (AU:STM) ) has provided an announcement.
Sunstone Metals Limited has announced significant progress at its El Palmar Gold and Copper Project in Ecuador, with a maiden mineral resource estimate of 1.2 million ounces of gold equivalent, marking a strong foundation for future resource expansion. The company is engaged in partnership discussions to expedite exploration and resource growth, which could enhance the value of its projects. Additionally, a new discovery at the Bramaderos Project underscores potential for large-scale operations, while corporate measures such as a $6.5 million capital raise and operational cost reductions are being implemented to strengthen financial standing.
More about Sunstone Metals Limited
Sunstone Metals Limited is an Australia-based company engaged in the exploration and development of gold and copper projects. The company is focused on advancing its substantial gold and copper discoveries in Ecuador, particularly through its El Palmar and Bramaderos projects.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €18.58M
For an in-depth examination of STM stock, go to TipRanks’ Stock Analysis page.
