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Redstone Resources Limited ( (AU:RDS) ) has shared an announcement.
Redstone Resources Limited has reported significant findings from its West Musgrave Copper Project, with the initial assays from drill hole TLD005 revealing 10 meters of continuous copper mineralization. This discovery, along with the presence of cobalt, suggests potential for a larger nickel-copper-cobalt mineralization source similar to the nearby Nebo-Babel deposit. The company has also secured several government co-funding grants to support future drilling programs, which will reduce exploration costs and enhance their ability to test high-priority targets in the region. Additionally, Redstone completed a private placement raising $650,000 to further support their exploration activities.
More about Redstone Resources Limited
Redstone Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper and nickel-cobalt mineral deposits. Their primary project is the West Musgrave Copper Project located in Western Australia, which is 100% owned by the company.
Current Market Cap: A$3.69M
For detailed information about RDS stock, go to TipRanks’ Stock Analysis page.