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The latest update is out from CGN Resources Ltd. ( (AU:CGR) ).
CGN Resources Ltd announced significant progress in its exploration efforts during the final quarter of 2024. The completion of the Falcon Airborne Gravity Gradiometry survey identified 11 new high-priority targets for IOCG systems and Nb/REE-rich carbonatites in the previously unexplored Webb project area. The company also secured heritage clearances, allowing exploration activities to commence, and expanded its land position in the Leonora district. These developments underscore CGN’s commitment to advancing its projects and building partnerships with local communities, with expectations for further exploration in 2025.
More about CGN Resources Ltd.
CGN Resources Ltd is focused on exploration activities in the mining industry, primarily targeting iron oxide copper gold (IOCG) systems, niobium/rare earth element (Nb/REE) carbonatites, and orogenic gold deposits. The company is actively engaged in exploration projects in the West Arunta region and the Leonora gold district in Western Australia.
YTD Price Performance: 6.35%
Average Trading Volume: 75,308
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.38M
See more insights into CGR stock on TipRanks’ Stock Analysis page.
