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Tolu Minerals Limited ( (AU:TOK) ) has issued an update.
Tolu Minerals Limited has been granted the Ipi River tenement EL2780, a significant addition to its exploration portfolio, covering 395.56 km² of copper-gold mineralization. The company has identified five new copper-gold targets through an advanced Airborne Magneto Telluric survey, reinforcing its position as an emerging explorer in a promising gold/copper province. The appointment of Douglas Kirwin to the Advisory Board underscores Tolu’s commitment to advancing its exploration strategy and potentially discovering substantial resources, which could have significant implications for stakeholders and the company’s market positioning.
More about Tolu Minerals Limited
Tolu Minerals Limited operates in the mining industry, focusing on the exploration and development of copper, gold, and molybdenum resources. The company is actively involved in exploring under-explored porphyry and epithermal systems, particularly in Papua New Guinea, and aims to establish itself as a significant player in the gold and copper mining sector.
Average Trading Volume: 63,287
Technical Sentiment Signal: Hold
Current Market Cap: A$167.8M
For an in-depth examination of TOK stock, go to TipRanks’ Stock Analysis page.