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Narryer Metals Limited ( (AU:NYM) ) has shared an update.
Narryer Metals Limited has reported positive results from metallurgical studies at its Rocky Gully Critical Minerals Project, indicating a potential pathway for producing a saleable rare earth concentrate. This development positions the company to benefit from third-party processing opportunities in Western Australia. The project, which contains high-grade rare earth elements, scandium, and gallium, is strategically located near infrastructure and offers potential for low-cost mining. The company is also exploring bioleaching technology with a European partner, which could provide environmental and cost benefits. These advancements come as the critical minerals industry gains focus, particularly with the new US-Australia partnership, highlighting the project’s strategic importance.
More about Narryer Metals Limited
Narryer Metals Limited operates in the critical minerals industry, focusing on the exploration and development of rare earth elements, scandium, and gallium. The company is strategically positioned in Western Australia, aiming to leverage emerging processing opportunities and infrastructure advantages.
Average Trading Volume: 322,097
Technical Sentiment Signal: Sell
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