Connected Minerals Ltd. has initiated its first drilling program in Namibia, focusing on uranium exploration in the Etango North-East and Swakopmund projects, set to commence in April. This program follows earlier rock-chip sampling and geophysical surveys. Despite a year-to-date price decline of 25.00%, the company has a market cap of A$8.74 million, with a consensus rating of “Buy.”
Connected Minerals Ltd. has announced the initiation of its maiden reconnaissance drilling program in Namibia, having appointed Hammerstein Drilling to conduct the operations. The drilling is scheduled to commence in April and will focus on the Etango North-East and Swakopmund projects. This initiative aims to explore previously identified high-grade uranium mineralization from recent rock-chip sampling and geophysical surveys, representing a significant advancement for the company following its relisting.
The company operates within the mining sector, specifically concentrating on uranium exploration projects in Namibia. Established as Connected IO Ltd., it is dedicated to identifying and developing valuable mining opportunities. As of now, Connected Minerals Ltd. has endured a price decrease of 25.00% year-to-date, with an average trading volume recorded at 74,603 shares. The current market capitalization stands at A$8.74 million, and technical sentiment reflects a consensus rating of “Buy.” For those interested in an in-depth analysis, additional information on CML stock can be found on TipRanks’ Stock Analysis page.
In summary, Connected Minerals Ltd. is embarking on its first drilling program in Namibia, which is a pivotal moment in its exploration of uranium resources. The involvement of Hammerstein Drilling marks the commencement of a project anticipated to enhance the company’s standing in the mining industry. Despite recent price declines, the technical sentiment remains positive, encouraging potential investors to review the stock’s analysis.
Original Source: www.tipranks.com
