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Consolidated Zinc Limited ( (AU:YAR) ) has issued an update.
Yari Minerals Limited, listed on the ASX under the ticker YAR, has announced the acquisition of new geophysical data from three recently drilled coal seam gas (CSG) wells. This data, obtained through a strategic data-sharing agreement, has been integrated into the geological models for the Rolleston South Coal Project in Queensland’s Bowen Basin. The findings from the wells indicate thicker and deeper coal seams than previously anticipated, suggesting a potential increase in the project’s resource tonnage. This could enhance the value of the Rolleston South Coal Project, which already has a 151 Mt Inferred Resource. The company is in the process of securing regulatory approvals for further drilling and is optimistic about the potential for expanding the existing resource, which could unlock additional value for shareholders.
More about Consolidated Zinc Limited
Average Trading Volume: 1,943,810
Technical Sentiment Signal: Sell
Current Market Cap: A$6.89M
For a thorough assessment of YAR stock, go to TipRanks’ Stock Analysis page.