The latest update is out from Gold Mountain Limited ( (AU:GMN) ).
Gold Mountain Limited has announced promising results from its Down Under Project, where high-grade rare earth elements (REE) have been identified in stream sediment samples from the California Prospect. The findings suggest the potential for ultra-high-grade hard rock mineralization, prompting plans for further exploration through auger and sonic drilling. The company is progressing with permits and plans to conduct radiometric traversing to identify additional high-grade deposits, signaling a significant expansion of the project’s scope and potential resource definition.
More about Gold Mountain Limited
Gold Mountain Limited is a company engaged in the exploration and development of mineral projects, focusing primarily on lithium, copper, and rare earth elements (REE) in Brazil and Papua New Guinea. The company is actively working on multiple projects across these regions, aiming to capitalize on the growing demand for these critical minerals.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.16M
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