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Connected IO Ltd. ( (AU:CML) ) has issued an update.
Connected Minerals Limited has been granted the Exclusive Prospecting Licence for the Swakopmund Project in Namibia, following the approval of an Environmental Clearance Certificate. This project, located near significant uranium deposits, presents potential for low-grade, high-tonnage uranium deposits, and the company’s exploration team has already commenced activities to identify promising targets through a horizontal-loop electromagnetic survey. The successful granting of this licence underscores the company’s strategic positioning in Namibia’s uranium sector, potentially enhancing its exploration capabilities and market presence.
More about Connected IO Ltd.
Connected Minerals Limited operates in the mining industry, focusing on the exploration and development of uranium resources. The company is primarily involved in identifying and developing calcrete-hosted uranium deposits in Namibia, a region known for its prolific uranium production.
YTD Price Performance: 2.50%
Average Trading Volume: 94,786
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$11.44M
For an in-depth examination of CML stock, go to TipRanks’ Stock Analysis page.
