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An update from Sipa Resources Limited ( (AU:AUV) ) is now available.
Auravelle has expanded its Crown Gold Project near Kalgoorlie by acquiring nine adjacent tenements from Orange Minerals, adding 20 square kilometres of ground immediately south of its existing holdings. The A$200,000 scrip-based deal, which includes a 1.5% gold net smelter royalty, broadens the company’s land position along structures linked to Black Cat’s nearby Majestic gold centre.
Historical shallow RAB and aircore drilling on the new ground has already outlined gold anomalism, with intercepts up to 1.78 grams per tonne within 35 metres of surface that have not yet been followed up. Auravelle is now compiling all available datasets and plans soil sampling and further drilling to generate and test targets across the enlarged Crown package, potentially enhancing the project’s exploration upside for shareholders.
The most recent analyst rating on (AU:AUV) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Sipa Resources Limited stock, see the AU:AUV Stock Forecast page.
More about Sipa Resources Limited
Auravelle Metals Limited is an Australian gold exploration company focused on the Crown Gold Project near Kalgoorlie in Western Australia. The company targets structurally hosted gold systems in a region that also hosts Black Cat Syndicate’s Majestic mining centre and the larger Kal East gold project, positioning Auravelle within a well-endowed gold district.
Average Trading Volume: 3,713,974
Technical Sentiment Signal: Buy
Current Market Cap: A$10.85M
See more data about AUV stock on TipRanks’ Stock Analysis page.