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The latest update is out from Firetail Resources Limited ( (AU:FTL) ).
Firetail Resources Limited announced the successful completion of a A$3 million placement, supported by institutional and high-net-worth investors, to fund an exploration program at the Skyline Project in Canada and the Picha Project in Peru. This initiative aims to conduct geophysical and geochemical studies, including 3D IP surveys, ground EM surveys, and high-resolution magnetic surveys to identify potential mineral deposits, particularly targeting copper-zinc-silver VMS deposits. The placement also allows the company to accelerate work on the underexplored Skyline Project, enhancing its prospects in the mineral exploration industry.
More about Firetail Resources Limited
Firetail Resources Limited is a company involved in mineral exploration, focusing on discovering and developing valuable mineral deposits. The company is engaged in projects that involve the exploration of copper, zinc, and silver, particularly in underexplored areas with significant potential for hosting mineralization.
YTD Price Performance: -24.05%
Average Trading Volume: 158,573
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$19.89M
For detailed information about FTL stock, go to TipRanks’ Stock Analysis page.
