Red 5 Limited (AU:VAU) has released an update.
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Vault Minerals Limited has approved an $80 million investment to expand its King of the Hills processing facility, boosting its capacity by 20% to 6.0 mtpa. This strategic move aims to enhance the plant’s operational efficiency and competitiveness in the Leonora district, capitalizing on the region’s rich ore reserves and mineral resources. The project, expected to begin in April 2025, underscores Vault’s commitment to optimizing its assets and supporting future growth.
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