Capital Metals plc (GB:CMET) has released an update.
Capital Metals plc has announced the approval to commence a drilling programme at the Eastern Minerals Project in Sri Lanka, aimed at expanding the project’s resources and confirming reserves for mine design. The company’s current Mineral Resource Estimate already classifies the project among the highest grades globally, with expectations of substantial resource increases from the new drilling program, which includes deeper and lateral drilling. Excitement surrounds the potential to extend the project’s 10-year mine life and enhance its Net Present Value, with initial drilling results anticipated in the coming quarter.
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