Andean Silver (ASX:ASL) said it will start initial economic studies to assess the value of the "significant" mineral resource and existing infrastructure at its Cerro Bayo silver-gold project at Chile, according to a Tuesday filing with the Australian bourse.
A new mineral resource estimate is due set to be released at the project in the first-half of the fiscal year, the filing said.
Shares of the company fell 3% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.