Element 29 Resources has mobilized a third drill rig at its Elida Porphyry Copper-Molybdenum-Silver Project in Peru to expand exploration beyond the initial Zone 1, focusing now on Zone 4, an untested mineralized area. The company aims to exceed its 10,000-metre drilling target for 2026 and plans to continue drilling into 2027, potentially adding a fourth rig. This expanded drilling program supports resource growth and future technical studies, with ongoing metallurgical testing to evaluate ore recovery and concentrate quality. Element 29 also plans to seek regulatory approval to increase drilling capacity from 40 to 60 platforms, enhancing flexibility to explore the broader Elida system.
Element 29 Resources' Elida Copper Project news is presented with Basic Materials sector data from Pluang as of Oct 13, 2026 18:11 WIB: out of 62 priced US stocks, 38 rose and 18 fell. Notable movers include IFF at USD 86.03 (+1.26%, typical hold time 4 days), KGC at USD 23.82 (+1.15%, typical hold time 53 days, Pluang order activity 2% Sell / 98% Buy), and ICL at USD 4.99 (+1.01%, typical hold time 56 days, Pluang order activity 0% Sell / 100% Buy).
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