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Hammer Metals Limited ( (AU:HMX) ) has provided an update.
Hammer Metals Limited has announced a series of developments in its exploration projects. The company is set to commence a drilling program at Yandal Gold, targeting new gold prospects, and has expanded its exploration footprint with new license applications. At Mount Isa, significant copper and gold intercepts have been reported, and ongoing geochemical reviews aim to enhance exploration outcomes. Joint ventures at Bullrush and Isa Valley are progressing with promising mineralization findings and upcoming drilling activities. The company maintains a stable financial position with a cash balance of $2.6 million and additional liquid assets.
More about Hammer Metals Limited
Hammer Metals Limited operates in the mining industry, focusing on the exploration and development of gold and copper-gold projects. The company has a significant presence in Western Australia and Queensland, with projects like Yandal Gold and Mount Isa Copper-Gold, and engages in joint ventures to expand its exploration efforts.
Average Trading Volume: 690,886
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$24.86M
Learn more about HMX stock on TipRanks’ Stock Analysis page.