Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Alvo Minerals Limited ( (AU:ALV) ) has issued an update.
Alvo Minerals’ December quarter was dominated by an encouraging maiden drilling campaign at the newly discovered Touro prospect within its Palma Cu-Zn VMS Project, where massive, semi-massive and disseminated sulphides of copper and zinc were visually confirmed along 750 metres of a 2.2km-long, 750m-deep target, and initial assays from hole PDT-117 returned zones of meaningful CuEq grades. The company is now testing deeper electromagnetic conductors at Touro, progressing multiple new high-priority copper-zinc targets at Palma, and refining additional drill targets identified by a detailed ground gravity survey at the C1 deposit, all underpinned by a recent $2.2 million equity placement that leaves Alvo well funded to pursue aggressive exploration and potential resource expansion across the emerging VMS district.
The most recent analyst rating on (AU:ALV) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Alvo Minerals Limited stock, see the AU:ALV Stock Forecast page.
More about Alvo Minerals Limited
Alvo Minerals Limited is an Australian exploration company focused on its 100%-owned Palma Copper-Zinc Volcanogenic Massive Sulphide (VMS) Project in Brazil. The project hosts a total mineral resource of 7.6Mt at 2.02% CuEq, with copper, zinc, lead, silver and gold, and covers more than 1,000km² including over 80km of VMS strike, positioning Palma as an emerging district-scale base metals hub with significant growth potential through further drilling and studies.
Average Trading Volume: 4,186,538
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$16.83M
Find detailed analytics on ALV stock on TipRanks’ Stock Analysis page.