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Cosmo Metals Limited ( (AU:CMO) ) has provided an announcement.
Cosmo Metals Limited has announced the commencement of its maiden reverse circulation drilling program at the Spring Creek prospect in Bingara, marking the first drilling activity in the area in nearly 30 years. This initiative is part of their strategy to explore the newly identified 12km long Star of Bingara to Lone Hand Gold Trend. Additionally, the company has secured $2.0 million in funding and received a $50,000 grant from the NSW Government to support its exploration efforts, highlighting its commitment to advancing its gold-antimony and copper assets in New South Wales.
More about Cosmo Metals Limited
Cosmo Metals Limited operates in the mining industry, focusing on the exploration and development of gold, antimony, and copper projects. The company is engaged in activities in the New England Orogen of New South Wales, Australia, where it holds a portfolio of underexplored tenements with potential for high-grade mineralization.
Average Trading Volume: 788,706
Technical Sentiment Signal: Hold
Current Market Cap: A$9.53M
For detailed information about CMO stock, go to TipRanks’ Stock Analysis page.