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Connected Minerals Limited (ASX:CML)

ALERT: Price-sensitive ASX Announcement for CML
Current share price for CML : $0.395 0.07 (21.54%)+
Announcement
Release
7 Aug 2026 9:14AM
Price at Release
$0.325
Full Release
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Summary
Connected Minerals Limited (CML) is advancing its maiden approximately 6,000-meter drilling program at the Bailundo Carbonatite Project in Angola, focusing on niobium and rare earth elements (REE) within a large carbonatite complex. The program includes systematic reverse circulation and diamond drilling to assess the continuity and grade of mineralization. Internationally recognized specialists have validated the potential of surface-expressed niobium and REE targets. The geophysical surveys conducted will optimize drill targeting. The project, backed by significant funding and local support, aims to achieve a JORC Mineral Resource Estimate, marking a critical milestone in the project's evaluation and future development.
Key Points
  • Systematic drilling program at Bailundo Carbonatite Project.
  • Focus on niobium and rare earth elements.
  • Approximately 6,000m of reverse circulation and diamond drilling planned.
  • Independent validation of target areas by a recognized specialist.
  • Geophysical surveys for optimizing drill targeting.
  • Backed by US$600k bridging funding from Ilwella Pty Ltd.
  • Aim to establish a maiden JORC Mineral Resource Estimate.
  • Government and community support for the project.
  • Engagement with local and national authorities for responsible development.
  • Targeting completion of drilling before the November 2026 wet season.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.