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An announcement from Accent Resources NL ( (AU:ACS) ) is now available.
Accent Resources NL has withdrawn a previously disclosed target production rate from its recent investor presentation after determining that the statement, while intended as aspirational, could be interpreted as a formal production target under ASX Listing Rules. The company clarified that the cited production figures were conceptual, have not been supported by the required technical or economic studies, and should not be used by investors for decision-making, with an updated presentation now issued that removes the production target reference.
The most recent analyst rating on (AU:ACS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Accent Resources NL stock, see the AU:ACS Stock Forecast page.
More about Accent Resources NL
Accent Resources NL is a Western Australia–based exploration and development company focused on iron ore and gold, anchored by its 100%-owned Magnetite Range Project in the Mid-West region, which has potential to produce high-grade magnetite concentrate and offers brownfields gold exploration upside. The company also holds the Norseman Gold Project in the Goldfields region, providing gold optionality within a well-endowed regional gold district, and benefits from strategic major shareholders with interests in the steel industry and global trading.
Average Trading Volume: 54,129
Technical Sentiment Signal: Buy
Current Market Cap: A$22.03M
For an in-depth examination of ACS stock, go to TipRanks’ Overview page.