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An announcement from Lycaon Resources Ltd. ( (AU:LYN) ) is now available.
Lycaon Resources Ltd has announced the results of its maiden drilling program at the Stansmore target within the West Arunta Project in Western Australia. The program, supported by a co-funding grant, aimed to explore a prominent magnetic anomaly for copper, gold, niobium, and rare earth elements. Although the drill intersected a mafic intrusive with some elevated geochemistry, the best assay results were not deemed significant enough to warrant further drilling. This suggests limited immediate impact on the company’s exploration strategy or stakeholder interests.
More about Lycaon Resources Ltd.
Lycaon Resources Ltd is a mining exploration company focused on discovering and developing mineral resources in Western Australia. The company primarily targets niobium and rare earth elements (REE) mineral systems, leveraging geophysical features indicative of significant mineral deposits.
YTD Price Performance: 172.22%
Average Trading Volume: 595,033
Technical Sentiment Consensus Rating: Sell
Learn more about LYN stock on TipRanks’ Stock Analysis page.
