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An update from Variscan Mines Limited ( (AU:VAR) ) is now available.
Variscan Mines Limited has made significant strides in its Novales-Udías Project, with the formal approval of a Restoration Plan and the acquisition of historic drill data indicating high-grade zinc and lead intercepts. The company completed a $2.25 million placement to support its growth strategy and entered into agreements to potentially acquire Irish Zinc Assets. The completion of a 3D laser survey has enhanced geological understanding, aiding in refining drilling strategies and reducing technical risks. These developments position Variscan for a pivotal upcoming quarter as it prepares to release its Mine Re-Start Study.
More about Variscan Mines Limited
Variscan Mines Limited is a company operating in the mining industry, primarily focusing on zinc and lead exploration and production. The company is engaged in projects such as the Novales-Udías Project, with a strategic emphasis on restarting production at existing mines and expanding its district-scale footprint.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.48M
See more insights into VAR stock on TipRanks’ Stock Analysis page.