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MinRex Resources Limited ( (AU:MRR) ) has issued an update.
West Cobar Metals Limited has commenced a high-impact reverse circulation drilling program at its Fraser Range Project in Western Australia, targeting copper-gold and base metal deposits. The program, fully funded by Minrex Resources Limited under a farmout option agreement, aims to test five priority targets identified through geophysical data analysis. The drilling is expected to be completed in three weeks, with assay results to follow, potentially enhancing West Cobar’s position in the mining sector.
More about MinRex Resources Limited
West Cobar Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in the extraction of copper, gold, and base metals, with a particular emphasis on Iron Oxide Copper Gold (IOCG) and Broken Hill type (BHT) deposits.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.22M
See more insights into MRR stock on TipRanks’ Stock Analysis page.