FINWIRES · TerminalLIVE
FINWIRES

ASX:USL

5 stories mentioning ASX:USLUpdated 9d ago

Every FINWIRES story that references ASX:USL, newest first.

Asia

Unico Silver Advances Works at Argentina Project in June Quarter; Shares Up 3%

Unico Silver (ASX:USL) advanced works at the Joaquin project in Argentina in the three months ended June 30, with high-grade gold-silver intercepts across multiple prospects that extend mineralization beyond the March mineral resource, according to a Wednesday filing with the Australian bourse.Assays from 121 drill holes totaling 16,194 meters indicate that all reported results remain open at depth and along strike, suggesting potential for further resource growth beyond the maiden preliminary feasibility study (PFS), the filing said.The company is now focusing on PFS workstreams ahead of a maiden PFS slated for the third quarter of the year, per the filing.Shares rose 3% in morning trade Wednesday.

ASX:USL
Asia

Unico Silver Secures Land in Argentina in $12 Million Deal

Unico Silver (ASX:USL) struck a deal to acquire the La Mata estancia rural property in Argentina for $12 million, securing about 10,172 hectares of freehold land for infrastructure to develop its Joaquin silver-gold project, according to a Thursday filing with the Australian bourse.The consideration includes $3.5 million in cash payable within 10 business days of closing, $2.5 million worth of Unico Silver ordinary shares, and three deferred cash payments of $2 million each, payable across three years following closing.The acquisition replaces the historical 2017 Pan American Silver surface rights arrangements, which comprised about 1,250 hectares, the company said.Unico Silver shares gained 2% in recent Thursday trade.

ASX:USL
Asia

Unico Silver Continues to Receive 'Strong' Gold-Silver Results at Argentina Project

Unico Silver (ASX:USL) continued to receive "strong" gold-silver intercepts during its ongoing drill program at its Joaquin project in Argentina, extending mineralization beyond the current mineral resource, according to a Monday filing with the Australian bourse.Results from 46 drill holes totaling 6,631 meters completed to date include 52 meters at 378 grams per tonne silver equivalent at the La Morocha Southeast discovery, the filing said.Infill drilling at Breccia Puntudo confirmed high-grade gold mineralization, which supports the conversion of inferred mineral resources to indicated mineral resources.Also, extensional drilling at La Negra Southeast continued to return wide zones of oxide gold-silver mineralization along strike and below the known mineral resource, per the filing.Shares rose 1% in afternoon trade on Monday.

ASX:USL
Asia

Unico Silver Upgrades to OTCQX Best Market in the US

Unico Silver (ASX:USL) said it will begin trading on the OTCQX Best Market in the US under ticker "USLRF," following an upgrade from OTCQB to improve visibility and access to North American investors, according to a Tuesday Australian bourse filing.The company's primary listing on the Australian Securities Exchange remains unchanged, and the OTCQX quotation does not involve the issuance of new shares or affect existing shareholders, the filing added.

ASX:USL
Wire

Unico Silver Reduces Rigs at Argentina Drilling Operations During Transition to Winter Operations

Unico Silver (ASX:USL) said it reduced the number of drill rigs under its drilling operations in Argentina to two from three as it moves into reduced winter operations, according to a Friday Australian bourse filing.The company plans to update the Joaquin project mineral resource estimate in the June quarter to incorporate recent infill drilling.In the same filing, the company said it is conducting pre-feasibility work streams, including geotechnical drilling and interpretation to define open-pit slope and design parameters, as well as comminution and metallurgical test work to confirm processing assumptions and recovery pathways.The company's shares fell past 1% in recent trading on Friday.

ASX:USL

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:USL in your portfolio
WheelAI
WheelAI
Analyze ASX:USL options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:USL