Connected Minerals Ltd. has commenced its first drilling program in Namibia, targeting high-grade uranium mineralization at the Etango North-East and Swakopmund projects, in partnership with Hammerstein Drilling. Following its relisting, the company’s stock has seen a price performance of -25.00% with a consensus rating of buy.
Connected Minerals Ltd. (AU:CML) has announced that it has engaged Hammerstein Drilling to initiate its first reconnaissance drilling program in Namibia. This program, scheduled to commence in April, will specifically target the Etango North-East and Swakopmund projects. The goal is to explore high-grade uranium mineralization that has been previously identified through rock-chip sampling and geophysical surveys, representing a notable advancement for the company following its recent relisting.
Connected Minerals Ltd. is primarily focused on mining exploration, particularly in uranium projects in Namibia. As of the latest update, the company’s year-to-date price performance is at -25.00%, with an average trading volume of 74,603. The technical sentiment consensus rating for the company remains a buy, and it currently holds a market capitalization of A$8.74 million.
For further detailed analysis of CML stock, refer to TipRanks’ Stock Analysis page.
Connected Minerals Ltd.’s initiation of its maiden drilling program signifies a crucial phase in its uranium exploration efforts in Namibia. Their collaboration with Hammerstein Drilling highlights the company’s strategic approach towards identifying high-grade mineralization, which could enhance its market positioning.
Original Source: www.tipranks.com
