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The latest announcement is out from Aus Tin Mining Limited ( (AU:C7A) ).
Clara Resources Limited has released an updated JORC Resource report for its Ashford Coking Coal Project, enhancing confidence in the resource’s structural and quality continuity. This update has allowed a reclassification of 2.5 million tonnes to Measured status, and the company plans to execute a drilling program to further upgrade the resource and refine mining plans. Additionally, Clara is conducting a strategic review of its Kildanga Nickel/Cobalt prospect, considering options such as divestment or exploration for critical minerals, spurred by a recent political agreement between the USA and Australia. The company has also secured $1.587 million in funding through a placement and rights issue to support its operations.
More about Aus Tin Mining Limited
Clara Resources Limited is a mining company focused on the extraction and development of mineral resources. The company is involved in projects such as the Ashford Coking Coal Project and the Kildanga Nickel/Cobalt prospect, with a market focus on critical minerals including coal, nickel, cobalt, gold, and copper.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.39M
For a thorough assessment of C7A stock, go to TipRanks’ Stock Analysis page.