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An announcement from Variscan Mines Limited ( (AU:VAR) ) is now available.
Variscan Mines Limited has confirmed it is continuing technical workstreams feeding into its Mine Restart Study, including metallurgical test work on pre-concentration and flotation to refine the proposed processing flowsheet and reduce downstream processing needs. The results of the study are still being finalised and will be released once completed.
The company also disclosed that in August 2025 it issued 117,428,656 fully paid ordinary shares at $0.005 each to sophisticated and professional investors via placement, and has provided a cleansing notice stating it complied with its financial reporting and continuous disclosure obligations at the time of the issue. Variscan advised there is no undisclosed excluded information relevant to that share issue, reinforcing transparency for existing and new shareholders.
The most recent analyst rating on (AU:VAR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Variscan Mines Limited stock, see the AU:VAR Stock Forecast page.
More about Variscan Mines Limited
Variscan Mines Limited is an ASX-listed resources company focused on mining and mineral project development. The company is progressing technical studies related to restarting mining operations, including metallurgical testing and processing flowsheet optimisation to support a potential mine restart and improve processing efficiency.
Average Trading Volume: 5,681,771
Technical Sentiment Signal: Sell
Current Market Cap: A$11.23M
For detailed information about VAR stock, go to TipRanks’ Stock Analysis page.