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Resource Mining Corporation Limited ( (AU:RMI) ) just unveiled an announcement.
Resource Mining Corporation Limited has released its quarterly activities report for the period ending December 2024. The company highlights a review of exploration results from its Mpanda copper-gold project in Tanzania and announces an option to acquire a 70% interest in a Saudi Arabian joint venture focused on gold projects. Additionally, RMI has secured $1 million in loan funding. The Mpanda and Mbozi projects, acquired in February 2024, are situated within the Ubendian Orogenic Belt of Tanzania and are confirmed as highly prospective for copper and gold, offering potential for resource base development.
More about Resource Mining Corporation Limited
Resource Mining Corporation Limited is a Perth-based specialist mineral exploration company focused on creating wealth from mineral commodities. Utilizing innovative technical, marketing, and financial skills, the company explores for economic metal deposits in Tanzania and Finland.
Average Trading Volume: 1,016,977
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.91M
For an in-depth examination of RMI stock, go to TipRanks’ Stock Analysis page.
