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The latest announcement is out from Consolidated Zinc Limited ( (AU:YAR) ).
Yari Minerals Limited has received necessary regulatory and landholder approvals to begin its inaugural drilling campaign at the Rolleston South Coal Project in the Bowen Basin. The company has appointed Xenith Consulting to manage the drilling program, which aims to upgrade the existing 190Mt JORC Inferred Resource to Indicated status, confirm high-quality semi-soft metallurgical coal, and conduct geotechnical assessments. This strategic move is expected to enhance shareholder value by potentially expanding the resource base and improving the project’s status.
More about Consolidated Zinc Limited
Yari Minerals Limited is a company operating in the coal industry, focusing on the development and exploration of coal resources. Its primary project is the Rolleston South Coal Project located in the Bowen Basin, which is strategically positioned near Glencore’s Rolleston Mine and benefits from excellent infrastructure, including roads and rail connectivity to Gladstone Port.
Average Trading Volume: 1,067,193
Technical Sentiment Signal: Sell
Current Market Cap: A$9.23M
For a thorough assessment of YAR stock, go to TipRanks’ Stock Analysis page.