Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Investigator Resources (ASX: IVR) released its quarterly activities report for December 2024, highlighting significant progress at the Paris Silver Project and exploration across its South Australian tenements. The Definitive Feasibility Study (DFS) for the Paris Silver Project has been rescheduled to mid-2025 to incorporate enhancements in power generation, tailings management, and owner-operated mining costs. Despite higher mining and processing costs, elevated silver prices exceeding AUD$50/oz offer substantial opportunities to improve the project's financial metrics. Key work areas, including process plant design, mine design, and environmental studies, have been completed.
Additionally, a 27-hole, 3,800m drilling program targeting the Perseus and Manto prospects near Paris has concluded, with assay results expected early 2025. Exploration at Curnamona also progressed, with refined copper targets and completed heritage surveys preparing for drill testing. Corporate highlights include asset sales totaling AU$1.875 million and a cash balance of AU$2.7 million as of December 31, 2024.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.