Red 5 Limited (AU:VAU) has released an update.
Vault Minerals Limited has reported a significant increase in its gold resources and reserves following a merger with Silver Lake Resources, with a total of 12.3 million ounces in mineral resources and 3.4 million ounces in ore reserves. The company plans to leverage its financial strength to enhance production and extend the life of its Leonora, Mount Monger, and Deflector operations. Additionally, the Sugar Zone project in Canada presents a promising opportunity for growth amid strong gold prices.
For further insights into AU:VAU stock, check out TipRanks’ Stock Analysis page.
