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Westar Resources Ltd. ( (AU:WSR) ) just unveiled an update.
Westar Resources Limited announced the results of its recent RC drilling program at the Mindoolah Gold Mining Centre, which did not reveal significant gold intercepts. Consequently, Westar has decided not to exercise its option to acquire the Mindoolah Project, as the potential for a commercially viable gold deposit is limited. This decision aligns with Westar’s strategy to allocate resources to projects with higher potential for profitability. The company looks forward to the upcoming Mageye drill assay results and continues to explore opportunities in advanced gold and copper projects.
More about Westar Resources Ltd.
Westar Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold and copper projects. The company is actively involved in identifying and acquiring projects with potential for profitable mining operations, primarily in mining-friendly and safe jurisdictions.
Average Trading Volume: 2,867,239
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.59M
For an in-depth examination of WSR stock, go to TipRanks’ Stock Analysis page.