Capital Metals plc ( (GB:CMET) ) has shared an announcement.
Capital Metals has announced a successful continuation of its aircore drilling program at the Taprobane Minerals Project in Sri Lanka, focusing on expanding the Mineral Resource and aiding mine planning. The drilling has revealed a second marine sand package from the Pleistocene epoch, indicating high heavy mineral grades and potential for resource expansion. This development is crucial for optimizing the mine plan and product schedule, and it supports the company’s goal of reaching a Final Investment Decision. The ongoing drilling will also help determine optimal locations for mining cells and plant sites, with further updates expected as assays are received.
More about Capital Metals plc
Capital Metals is a UK-based company listed on the London Stock Exchange, focusing on the development of the Taprobane Minerals Project in Sri Lanka. The project involves extracting high-grade mineral sands such as ilmenite, rutile, zircon, and garnet, and is recognized as one of the highest-grade mineral sands projects globally. The company aims to apply modern mining practices and contribute positively to Sri Lanka’s economy and local communities.
YTD Price Performance: 47.06%
Average Trading Volume: 428,975
Technical Sentiment Signal: Hold
Current Market Cap: £8.62M
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