- Force Commodities (4CE) shares dropped yesterday after updating the market on its assets
- The company is planning to renew its exploration program at Halls Peak in Australia, and fieldwork is ongoing at its operations in Oman
- Force believes both of these projects can bring value to its shareholders by considered and cost-effective exploration
- Additionally, the company has appointed Rob Martin as its Chairman
- On market close, Force closed down 5.26 per cent at 1.8 cents per share
Force Commodities (4CE) shares dropped yesterday after updating the market on its assets.
The company is focussed on its operations in Oman, where fieldwork is ongoing after a prospective review. The company is also planning to renew its exploration of Halls Peak in Australia.
Force believes both of these projects can bring value to its shareholders by considered and cost-effective exploration.
Oman Copper Project
The Oman Project is located in the Sultanate of Oman, a mining friendly jurisdiction in the Middle East.
The Sohar region in Oman has supported copper mining and smelting since the Bronze Age.
Within the project, Force has begun a prospective review at the Block 4 and Block 5 assets w have been explored for many years.
This review will focus on certain lithological units that exclusively host mineral deposits.
The team at Oman have developed methods to better refine targets by using drone magnetics in prospective lithologies to define areas where demagnetisation has occurred.
Force is planning on exploring the areas of demagnetisation, with ground follow-up mapping and sampling to better define the area.
“The board is confident that this exploration recipe will yield success and are also actively evaluating new opportunities in the area, we will continue to update the market in this regard,” the company told the market.
Halls Peak
Over in New South Wales, the company has explored a little bit of Halls Peak in the last few years but says the potential targets found by historical work cannot be ignored.
The company is now planning a SEDEX target exploration and drilling program to be reinvigorated in the coming months.
“Force will define a program in the coming months to give better definition of the deeper and more prospective targets at Halls Peak with view to drill testing to confirm,” the company said.
Additionally, the company has appointed Rob Martin as its Chairman.
On market close, Force was down 5.26 per cent at 1.8 cents per share.