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Pan Asia Metals Ltd. ( (AU:FLG) ) has provided an update.
Flagship Minerals Limited, a company listed on the Australian Securities Exchange, has secured control of a warehouse in Copiapo, Chile, previously leased by Anglo American. This facility houses extensive exploration data related to the Pantanillo Gold Project, including 32,827 meters of drilling data across 148 drill holes. The company has prepared a 690kg metallurgical sample for testing and is engaging with local drilling contractors to advance its resource estimates. This strategic move aims to expedite the conversion of the current 1.05Moz gold foreign estimate to a Mineral Resource Estimate compliant with the JORC Code 2012, positioning Flagship for potential resource upgrades in 2026.
More about Pan Asia Metals Ltd.
Average Trading Volume: 548,164
Technical Sentiment Signal: Buy
Current Market Cap: A$51.53M
Find detailed analytics on FLG stock on TipRanks’ Stock Analysis page.