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Bayan Mining and Minerals Limited (ASX:BMM)
ALERT: Price-sensitive ASX Announcement for BMM
Current share price for BMM : $0.053 -0.057 (-51.82%)+
Announcement
Release
5 Nov 2025 8:26AM
Price at Release
$0.110
Full Release
Summary
Bayan Mining and Minerals Limited has received approval from the US Bureau of Land Management for its Plan of Operations at the Desert Star Project in California. This approval marks a significant milestone, allowing the company to progress field activities towards drilling, planned for 2026. The project is strategically located near the Mountain Pass REE Mine and the Colosseum Gold Mine, within a critical minerals corridor. The company has conducted comprehensive surveys and is engaging with drill contractors to align logistics with operational timelines.
Key Points
- Plan of Operations approved by the US Bureau of Land Management.
- Strategic location near globally significant Mountain Pass and Colosseum mines.
- Ground gravity, magnetic, and radiometric surveys completed.
- Drilling program planned for 2026 following preparatory work.
- Focus on integrating geochemical sampling with 3D modelling.
- Project comprises two claim blocks covering approximately 9.75 km².
- Approval enables commencement of field activities for initial drill program.
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.
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