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An announcement from Connected IO Ltd. ( (AU:CML) ) is now available.
Connected Minerals Ltd has announced promising results from a horizontal-loop electromagnetic survey at its newly acquired Swakopmund Project in Namibia. The survey identified potential calcrete-hosted uranium mineralization, particularly along four lines, with a notable paleochannel on Line 1. This discovery positions the company strategically within Namibia’s uranium-rich region, enhancing their exploration efforts and plans for a drilling program in Q2 2025, which could lead to significant uranium deposits.
More about Connected IO Ltd.
Connected Minerals Ltd is engaged in the mining industry, focusing on the exploration and development of uranium projects. The company is currently active in Namibia, a region known for significant uranium deposits, with projects such as Swakopmund and Etango North-East.
YTD Price Performance: 10.0%
Average Trading Volume: 99,226
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.27M
For a thorough assessment of CML stock, go to TipRanks’ Stock Analysis page.
