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Octava Minerals Ltd. ( (AU:OCT) ) has provided an announcement.
Octava Minerals Ltd. has announced the discovery of high-grade indium, along with significant copper, zinc, silver, and tin, from rock chip sampling at the Sweeney’s Prospect within the Federation Project in Tasmania. The company has received regulatory approval to commence a 2000m diamond drilling program, expected to start mid-November, to explore the potential for significant polymetallic mineralization. This development positions Octava to potentially enhance its resource base and strengthen its market position in the critical minerals sector.
More about Octava Minerals Ltd.
Octava Minerals Ltd. is an Australian-focused explorer specializing in critical minerals such as rare earth elements (REEs), lithium, copper, zinc, silver, and tin. The company is engaged in exploration projects across several locations, including Federation, Byro, Yallalong, and East Kimberley, targeting a range of minerals including copper, zinc, silver, tin, antimony, gold, nickel, and platinum group metals (PGMs).
Average Trading Volume: 916,020
Technical Sentiment Signal: Hold
Current Market Cap: A$6.11M
For a thorough assessment of OCT stock, go to TipRanks’ Stock Analysis page.