Exploration company Marmota (ASX:MEU) is set to begin drilling 89 holes at the Muckanippie heavy minerals-titanium discovery in South Australia next week, according to a Thursday filing with the Australian bourse.
Drilling supplies will arrive on site in the coming days, and drilling is expected to finish by the end of the month, the filing said.
The company discovered "exceptional" titanium mineralization at Muckanippie from the surface in every discovery hole in November 2024, according to the filing.
Shares rose nearly 4% in midday trade Thursday and earlier reached their highest since July 2022.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。