Apollo Minerals Positions French Tungsten-Gold Project for EU Critical Materials Push

Apollo Minerals Limited ( (AU:AON) ) has issued an announcement.

Apollo Minerals Limited has highlighted the potential of its Couflens project in France, where historical mining and recent rock chip samples indicate high-grade tungsten and notable gold upside, with gold confirmed at depths of up to 600 metres. The project benefits from strong board and management experience and is supported by a solid funding position following a recent A$6.5 million placement and a A$2.8 million strategic investment by Tribeca Investment Partners.

The company sees significant exploration upside in reactivating the high-grade Salau tungsten mine alongside wider regional targets, aiming to unlock further value from both tungsten and gold. Its strategy is underpinned by the EU Critical Raw Materials Act 2024, which classifies tungsten as a high-priority critical and strategic raw material and encourages sourcing more than 10% of such materials from within the European Union, potentially enhancing regulatory and market support for the project.

The most recent analyst rating on (AU:AON) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Apollo Minerals Limited stock, see the AU:AON Stock Forecast page.

More about Apollo Minerals Limited

Apollo Minerals Limited is an exploration and development company focused on the high-grade Couflens tungsten-gold project in France. The company is targeting reactivation of the historic Salau tungsten mine while pursuing broader regional exploration, positioning itself within the European critical raw materials supply chain, particularly for tungsten, which is classified as a strategic material under EU policy.

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Technical Sentiment Signal: Buy

Current Market Cap: A$66.2M

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