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Apollo Minerals Limited ( (AU:AON) ) has shared an announcement.
Apollo Minerals has had its Couflens exploration permit in France formally reinstated for a five-year term, reopening the path to potentially reactivate the historical high-grade Salau tungsten mine and advance regional exploration targeting both tungsten and gold along a 5km structural corridor. Recent work confirms high-grade tungsten and significant gold at surface, in historical core, tailings and underground channel samples, with the deposit remaining open at depth and tungsten’s status as a critical raw material enhancing the project’s strategic importance for European supply security. The company is reassessing historical data, planning new programs, engaging French stakeholders, and has strengthened its balance sheet by securing commitments to raise approximately A$6.55 million, while in Gabon it continues to demonstrate the gold potential of the 12km-long Salanie greenstone system and has outlined an initial exploration target at the shallow Kroussou zinc-lead project, indicating potential for a globally significant base metal resource amenable to open-pit mining.
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 ASX-listed mineral exploration and development company focused on strategic commodities including tungsten, gold, zinc and lead. Its key assets include the Couflens Project in France, centred on the historical high-grade Salau tungsten mine with associated gold, and exploration projects in Gabon targeting gold at Salanie and shallow zinc-lead mineralisation at Kroussou.
YTD Price Performance: 200%
Average Trading Volume: 29,360,884
Technical Sentiment Signal: Hold
Current Market Cap: A$27.85M
For detailed information about AON stock, go to TipRanks’ Stock Analysis page.