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New World Resources Limited ( (AU:NWC) ) has shared an announcement.
New World Resources Limited has identified a gold-rich alteration zone at its Antler Copper Project in Arizona, outside the existing high-grade copper resource. This discovery, located near planned underground mining infrastructure, promises to enhance the project’s mineable inventory and economic returns. The ongoing geological review revealed significant gold mineralization associated with an intensely altered zone, which will be included in the resource update and the definitive feasibility study set to be completed in late 2025. The company is optimistic about this development, as it could unlock additional value and improve financing options as it advances towards production in 2027.
More about New World Resources Limited
New World Resources Limited is an exploration and development company operating in the mining industry, focusing primarily on copper, gold, and zinc projects. The company has several projects in the United States, including the Antler Copper Project in Arizona and the Tererro Copper-Gold-Zinc Project in New Mexico.
YTD Price Performance: 10.0%
Average Trading Volume: 30,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €29.08M
For a thorough assessment of NWC stock, go to TipRanks’ Stock Analysis page.
