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PVW Resources Limited ( (AU:PVW) ) has issued an announcement.
PVW Resources Limited has announced encouraging initial results from its exploration drilling program at Capão Bonito, one of its eleven Brazilian rare earth projects. The program, which began in October, has seen 32 of 45 planned auger holes completed, with 94% of analyzed holes returning Total Rare Earth Oxide concentrations above 500 ppm. These results suggest significant mineralization potential, with the mineralization remaining open and several high-grade intercepts identified. The findings reinforce Capão Bonito’s potential as a major new discovery in under-explored areas, potentially impacting the company’s future operations and positioning within the rare earth sector.
More about PVW Resources Limited
PVW Resources Limited operates within the mining industry, focusing on rare earth elements. The company’s primary activities involve the exploration and development of rare earth projects, with a significant emphasis on ionic adsorption clay deposits in Brazil.
YTD Price Performance: -30.0%
Average Trading Volume: 197,254
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$2.78M
Learn more about PVW stock on TipRanks’ Stock Analysis page.
