Hammer Metals Limited ( (AU:HMX) ) has issued an announcement.
Hammer Metals Limited has announced significant progress in its exploration activities across various projects in Queensland. The company is conducting a 1,500m RC drill program at its 100%-owned prospects, including Lex, Mascotte, and Tourist Zone South, targeting copper-gold anomalies. Additionally, the Bullrush Joint Venture with Sumitomo Metal Mining Oceania is nearing completion after weather-related delays, and the Isa Valley Joint Venture with South32 is set to commence drilling soon. These developments are expected to enhance Hammer’s position in the copper-gold exploration sector and potentially increase its resource base, benefiting stakeholders.
More about Hammer Metals Limited
Hammer Metals Limited is an exploration company focused on copper-gold projects in Queensland, Australia, particularly around the Mount Isa region. The company is engaged in identifying and developing mineral resources, with a market focus on copper and gold exploration.
YTD Price Performance: -25.00%
Average Trading Volume: 200
Technical Sentiment Signal: Buy
Current Market Cap: $15.41M
Learn more about HMX stock on TipRanks’ Stock Analysis page.