Variscan Mines Limited ( (AU:VAR) ) has issued an announcement.
Variscan Mines Limited has expanded its Novales-Udias Project in northern Spain by acquiring two new exploration licenses, Ana Isabel and Hipólita, covering 21.9 km². This expansion increases the project’s total area to 111.1 km² in a high-grade zinc district. The new licenses enhance Variscan’s strategic position by providing advanced exploration potential and access to extensions of the former Reocín Mine, which historically produced significant zinc and lead. The company’s strategy focuses on restarting production at the San Jose and Udias Mines to generate early cash flow while developing long-term exploration opportunities.
More about Variscan Mines Limited
Variscan Mines Limited is a company operating in the mining industry, focusing on zinc exploration and development. The company is engaged in projects within proven zinc districts, aiming to bring mines back into production and achieve early cash flow.
Average Trading Volume: 2,532,741
Technical Sentiment Signal: Buy
Current Market Cap: A$4.7M
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