Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Sipa Resources Limited ( (AU:AUV) ) has shared an announcement.
Auravelle reported strong exploration progress at its Nuckulla Hill Project in South Australia, with one-metre resampling from November RC drilling at the Sheoak prospect confirming broad zones of high-grade gold, including intercepts up to 20 grams per tonne. The company also completed downhole televiewer surveys and a close-spaced aeromagnetic program over a 40-kilometre strike of the Yarlbrinda Shear Zone to sharpen structural understanding and improve drill targeting.
Regional soil geochemical work at both Nuckulla Hill and Tunkillia North outlined multiple new gold and silver anomalies in largely untested areas, while a detailed geological and structural review identified several zones considered favourable for additional gold mineralisation. In Western Australia, Auravelle expanded its Crown Gold Project through the acquisition of nine tenements and advanced permitting with a second heritage survey, as the company reported quarter-end cash of $1.35 million and a board refresh with the appointment of Stephen Biggins as non-executive chair.
More about Sipa Resources Limited
Auravelle Metals Limited is an Australian mineral exploration company focused on gold projects in South Australia’s Gawler Craton and Western Australia’s Goldfields region. The company is advancing its Nuckulla Hill and Tunkillia North projects, including the Sheoak prospect, and is expanding its footprint at the Crown Gold Project through additional tenement acquisitions.
Average Trading Volume: 1,502,369
Technical Sentiment Signal: Buy
Current Market Cap: A$11.78M
See more insights into AUV stock on TipRanks’ Stock Analysis page.