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Golden Metal Resources Plc ( (GB:GMET) ) has provided an announcement.
Guardian Metal Resources plc has announced promising initial results from its industrial garnet processing study at the Pilot Mountain Project. The study, conducted by SGS Canada Inc., revealed that a significant portion of the sample consisted of garnet, exceeding initial expectations. This discovery, along with the successful liberation of garnet and scheelite at a coarse grind size, indicates potential cost savings and the establishment of a substantial garnet resource. With the U.S. importing more than 65% of its industrial garnet, Guardian Metal sees a strong opportunity to capitalize on domestic supply, further supported by the favorable garnet prices in the market.
More about Golden Metal Resources Plc
Guardian Metal Resources plc is a strategic mineral exploration and development company with a focus on tungsten in Nevada, USA. The company is engaged in the exploration and development of its flagship Pilot Mountain Project, which is located within the Walker Lake Mineral Belt in Nevada.
YTD Price Performance: 12.50%
Average Trading Volume: 159,558
Technical Sentiment Consensus Rating: Strong Sell
For detailed information about GMET stock, go to TipRanks’ Stock Analysis page.
