PRNewsWire
18 Jun 2026, 12:47 UTC · 2h ago
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Rua Gold's Auld Creek project is described as hosting New Zealand's largest known antimony deposit, a critical mineral currently subject to Chinese export controls. — Strategic minerals with high geopolitical tension and limited non-Chinese supply typically command significant valuation premiums and government interest.
+0.70The company has completed roughly 10,000 metres of a planned 19,000-metre drilling program and is running ahead of schedule. — Faster-than-expected drilling progress reduces operational risk and accelerates the timeline to resource definition.
+0.40Rua Gold is targeting the completion of a Pre-Feasibility Study (PFS) for the project in the fourth quarter of 2026. — A PFS is a major valuation catalyst as it moves a project from theoretical resource to a defined economic model.
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Recent drilling intercepts have confirmed grade continuity and expansion potential in the project's southern Fraternal zone. — Proof of continuity increases the confidence level of the total resource estimate, though specific grades are modest.
+0.20Which stocks this story touches
The company is reporting strong drilling progress ahead of schedule at a strategically important gold-antimony project.
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