Resource Mining Corporation Limited ( (AU:RMI) ) has shared an update.
Resource Mining Corporation Limited has commenced exploration activities at its Wadi Salamah and Shaib Marqan projects in Saudi Arabia. The company has initiated a site visit to conduct mapping and rock chip sampling, which will guide future exploration efforts. Initial assays from the Wadi Salamah site have shown promising gold concentrations, indicating potential for further exploration. The Shaib Marqan project, located in an under-explored area, presents opportunities for discovering new precious and base metal targets, reinforcing the company’s strategic expansion in the region.
More about Resource Mining Corporation Limited
Resource Mining Corporation Limited (RMI) operates in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in projects that aim to discover and develop precious and base metal deposits, with a current market focus on expanding its operations in Saudi Arabia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.61M
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