Connected Minerals Ltd. has begun its first reconnaissance drilling program in Namibia, targeting uranium projects in Etango North-East and Swakopmund. The program, starting in April, is based on previous geological assessments, marking a key advancement for the company after its relisting. Connected Minerals has a market cap of A$8.74M and a current consensus rating of ‘buy’.
Connected Minerals Ltd. (AU:CML) has announced the initiation of its first reconnaissance drilling program in Namibia. Hammerstein Drilling has been appointed to carry out this program, which will focus on the Etango North-East and Swakopmund projects. Scheduled to begin in April, this drilling aims to investigate high-grade uranium mineralization that was previously identified through rock-chip sampling and geophysical surveys, representing a critical milestone for the company after its recent relisting.
Connected Minerals Ltd. operates within the mining sector, primarily focusing on uranium exploration projects in Namibia. The company has made significant progress in its efforts to explore and exploit uranium resources, which aligns with its strategic objectives in the industry.
In terms of market performance, Connected Minerals has experienced a year-to-date price decline of 25.00%. The average trading volume stands at 74,603 shares, and analysts currently maintain a buy consensus rating for the stock, which has a market capitalization of A$8.74 million. For detailed analysis and information about CML stocks, one can visit TipRanks’ Stock Analysis page.
Connected Minerals Ltd. is poised to advance its exploration ambitions in Namibia with a newly initiated drilling program focusing on uranium mineralization. This program marks a pivotal step post-relisting, underlining the company’s commitment to developing its mining projects. Despite recent challenges reflected in its stock performance, the consensus remains optimistic about its future.
Original Source: www.tipranks.com
