Gibb River Diamonds Limited (AU:GIB) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Gibb River Diamonds Limited is advancing towards restarting diamond production at the Ellendale Project in Western Australia, with key environmental surveys completed and a Heritage Clearance Survey planned for June. They are also seeking to secure the grant of a crucial mining lease for their Edjudina Gold Project, while evaluating potential acquisitions in Namibia. The company ended the quarter with a strong cash position of $2.11 million, ready to fund its planned activities.
For further insights into AU:GIB stock, check out TipRanks’ Stock Analysis page.
