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Woomera Mining Ltd. ( (AU:OB1) ) has provided an update.
Woomera Mining Ltd. has undergone a strategic shift, focusing its resources on the Majestic North Gold Project near Kalgoorlie, after divesting from various other ventures. This project, with a JORC-compliant resource of approximately 40,000 ounces of gold, offers a near-term development opportunity due to its shallow mineralization and proximity to established mining infrastructure. The company has strengthened its team with experienced professionals to advance the project efficiently and explore additional opportunities, aiming for a disciplined portfolio growth and shareholder value creation.
More about Woomera Mining Ltd.
Average Trading Volume: 387,857
Technical Sentiment Signal: Sell
Current Market Cap: A$5.27M
See more insights into OB1 stock on TipRanks’ Stock Analysis page.