Peak Minerals (AU:PUA) has released an update.
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Peak Minerals Limited has announced the successful acquisition of an 80% stake in the Kitongo and Lolo Uranium Projects and the Minta Rutile Project in West Africa, promising substantial prospects for uranium and rutile. The addition of Mr. Phillip Gallagher to the board, with his extensive West African minerals exploration experience, and the recent capital raise of approximately $2.52 million set a solid foundation for the company’s exploration initiatives. Historical exploration and recent analyses have reinforced the high-grade potential of these projects, positioning Peak Minerals for exciting developments in the resource sector.
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