Metals Australia Ltd ( (AU:MLS) ) has issued an update.
Metals Australia Ltd has announced the completion of a major drilling program at its Lac Carheil Graphite Project in Quebec, Canada, extending the total drilling to approximately 11,800 meters. This development is part of the company’s efforts to significantly grow its existing Mineral Resource, with an updated estimate expected in Q3 2025. The project has received a $600,000 CAD grant from the Quebec Ministry of Natural Resources & Forests, highlighting its importance to the region. Additionally, the company is advancing metallurgical test work at its Manindi Project in Western Australia and refining targets for its Warrego East Copper-Gold Project in the Northern Territory.
More about Metals Australia Ltd
Metals Australia Ltd is a company operating in the mining and exploration industry, focusing on the development of mineral resources. The company is primarily involved in the exploration of graphite, copper-gold, and iron-vanadium-titanium projects, with a significant market focus on critical minerals in regions such as Quebec, Canada, and Western Australia.
YTD Price Performance: -5.00%
Average Trading Volume: 387,552
Technical Sentiment Signal: Buy
Current Market Cap: A$13.85M
See more data about MLS stock on TipRanks’ Stock Analysis page.