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Korab Resources Limited ( (AU:KOR) ) has shared an update.
Korab Resources Ltd has been granted Exploration Licence EL34148, which replaces previous tenements EL29550 and EL31341, and covers over 237 square kilometers as part of the Rum Jungle Project near Batchelor, Northern Territory. This development strengthens Korab’s position in the Pine Creek Orogen, a region known for its mineral potential, and could have significant implications for the company’s exploration activities and stakeholder interests.
More about Korab Resources Limited
Korab Resources Ltd is an Australian mining and exploration company with a focus on the Rum Jungle Project in the Northern Territory. The project includes the Winchester Magnesium Deposit and Sundance Gold Mine, along with prospects for gold, silver, copper, cobalt, nickel, lithium, and other minerals. Korab’s shares are listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 2,529,047
Technical Sentiment Signal: Sell
Current Market Cap: A$2.94M
Learn more about KOR stock on TipRanks’ Stock Analysis page.