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Anova Metals Ltd. ( (AU:WA8) ) has provided an update.
Warriedar Resources Limited has announced a significant update to its Ricciardo Project, revealing Australia’s largest open-pit antimony resource with a maiden Mineral Resource Estimate (MRE) of 12.2 million tonnes at 0.5% antimony. This development marks a 107% increase in the total Ricciardo MRE to 1.96 million ounces of gold equivalent, positioning Warriedar as a key player in the antimony market amid rising prices and supply constraints. The company plans to commence antimony-focused drilling and continue metallurgical testwork to further capitalize on this opportunity, while also expanding its gold resources within the Golden Range Project.
More about Anova Metals Ltd.
Warriedar Resources Limited, trading as ASX: WA8, is a company engaged in the exploration and development of mineral resources, primarily focusing on gold and antimony. The company operates in the Murchison region of Western Australia and is known for its Golden Range Project, which includes the Ricciardo gold-antimony deposit.
YTD Price Performance: 118.18%
Average Trading Volume: 5,089,846
Technical Sentiment Signal: Sell
Current Market Cap: A$91.86M
For a thorough assessment of WA8 stock, go to TipRanks’ Stock Analysis page.