Connected Minerals Launches Inaugural Drilling Program in Namibia

Connected Minerals Ltd. has announced its first drilling program in Namibia, targeting uranium mineralization. The program will begin in April and follows promising previous assessments. The company is focused on uranium exploration and has a market cap of A$8.74 million with a consensus rating of “Buy.”

Connected IO Ltd. has reported that Connected Minerals Ltd. has engaged Hammerstein Drilling to initiate its inaugural reconnaissance drilling program in Namibia. The program, scheduled to commence in April, aims to investigate high-grade uranium mineralization previously identified through rock-chip sampling and geophysical surveys, marking a pivotal moment for the company following its recent relisting on the stock exchange.

Connected Minerals Ltd. operates within the mining sector, specializing in exploration projects predominantly focused on uranium. The company is concentrating its efforts on mining operations situated in Namibia, a region known for its mineral wealth.

As of now, Connected Minerals Ltd. has experienced a year-to-date price decline of 25.00%. It has an average trading volume of 74,603 shares and holds a technical sentiment consensus rating classified as a “Buy.” The company’s current market capitalization stands at approximately A$8.74 million. For additional insights into CML stock, interested parties are advised to visit TipRanks’ Stock Analysis page.

In conclusion, Connected Minerals Ltd. is set to commence its first drilling program in Namibia, focusing on promising uranium deposits. This initiative reflects the company’s strategic efforts to enhance its portfolio in the mining industry, especially following its relisting. With encouraging market sentiments and a defined target for exploration, Connected Minerals is positioned for potential growth in the uranium sector.

Original Source: www.tipranks.com