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Vault Minerals Limited ( (AU:VAU) ) has issued an update.
Vault Minerals has reported a fatal incident at its King of the Hills mine site in Western Australia, where an employee of subcontractor DeltaFM died after the light vehicle in which he was a passenger left a 40km/h section of the site access road. The vehicle’s driver sustained minor injuries, and no other personnel or vehicles were reported as involved.
The company notified WA Police and the state’s industry regulator, with both authorities now conducting investigations into the circumstances of the accident. Vault voluntarily suspended operations at King of the Hills to facilitate these inquiries and expects to resume mining activities today, while extending condolences to the deceased’s family and providing support to its workforce.
The most recent analyst rating on (AU:VAU) stock is a Buy with a A$7.59 price target. To see the full list of analyst forecasts on Vault Minerals Limited stock, see the AU:VAU Stock Forecast page.
More about Vault Minerals Limited
Vault Minerals Limited is an Australian mining company listed on the ASX that operates the King of the Hills gold mine in Western Australia. The company focuses on resource extraction and mine operations, working with multiple contractors and subcontractors to support site services such as catering and facilities management.
Average Trading Volume: 5,967,763
Technical Sentiment Signal: Buy
Current Market Cap: A$4.29B
Find detailed analytics on VAU stock on TipRanks’ Stock Analysis page.