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Pan Asia Metals Ltd. ( (AU:FLG) ) has shared an update.
Flagship Minerals Limited announced the approval of the ENAPAC Ruta Este project, a significant development for the Maricunga Gold Belt. This project, part of a larger desalination and pipeline initiative, will provide a sustainable water supply to the region, mitigating a key risk for Flagship’s Pantanillo Gold Project. The approval positions the company favorably as it transitions its existing gold resource estimates to align with the JORC Code 2012, enhancing its operational prospects and stakeholder confidence.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited operates in the mining industry, focusing on gold projects. The company is primarily engaged in the development of the Pantanillo Gold Project located in the Maricunga Gold Belt, Chile, with a focus on sustainable resource management.
Average Trading Volume: 547,364
Technical Sentiment Signal: Buy
Current Market Cap: A$45.16M
See more insights into FLG stock on TipRanks’ Stock Analysis page.