Connected Minerals Ltd. launches its first drilling program in Namibia, focusing on uranium exploration at the Etango North-East and Swakopmund projects. The initiative is a critical step following the company’s relisting and is set to start in April, aiming to explore high-grade uranium mineralization. The company currently has a decline in price performance but holds a buy consensus rating from analysts.
Connected Minerals Ltd., part of Connected IO Ltd., has announced the initiation of its first reconnaissance drilling program in Namibia. The company has contracted Hammerstein Drilling to conduct this program, which will focus on the Etango North-East and Swakopmund projects. Scheduled to commence in April, the drilling aims to explore high-grade uranium mineralization previously identified through rock-chip sampling and geophysical surveys. This effort marks a pivotal development for Connected Minerals following its recent relisting.
Connected Minerals Ltd. is engaged in the mining sector, specifically focusing on uranium exploration, predominantly within Namibia. The company’s market presence reflects its commitment to expanding its mineral exploration endeavors.
As of the current year, Connected Minerals has witnessed a price performance decline of 25%. The average trading volume stands at 74,603 shares, while the technical sentiment consensus rating for the stock is categorized as a ‘Buy.’ The company’s current market capitalization is approximately A$8.74 million.
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Connected Minerals Ltd. is embarking on its inaugural drilling program in Namibia, marking a significant event in its uranium exploration efforts. The partnership with Hammerstein Drilling underscores its commitment to advancing mineral discovery. Despite a challenging price performance this year, the company holds a buy rating and a modest market cap, reflecting investor interest in its projects.
Original Source: www.tipranks.com
