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The latest update is out from North Stawell Minerals, Ltd. ( (AU:NSM) ).
North Stawell Minerals Ltd has successfully completed a $1.3 million equity raise to advance its exploration activities at priority targets Wildwood and Darlington. The company is set to begin diamond drilling in January 2025, leveraging partnerships with CSIRO to enhance target selection through the use of machine learning and artificial intelligence. The drilling campaign aims to capitalize on the exploration potential of these prospects, with significant geological similarities to the multimillion-ounce Stawell mine. Despite challenging market conditions, North Stawell remains committed to investing in its extensive tenement portfolio to deliver value to shareholders.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in the North Stawell Gold Project, which involves strategic exploration to exploit geological similarities to known gold deposits, with a particular emphasis on the Stawell Corridor in Australia.
YTD Price Performance: 0.0%
Average Trading Volume: 497,643
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.45M
See more data about NSM stock on TipRanks’ Stock Analysis page.
