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Australasian Metals Limited ( (AU:A8G) ) just unveiled an update.
Australasian Metals has applied for a new exploration permit, EPM 29434 “Retro Creek,” expanding its footprint around the Mt Clermont and Capella projects in Central Queensland. The tenement, lodged with the Queensland Department of Resources, targets epithermal-style gold, shear-zone-hosted gold and intrusion-related polymetallic mineralisation, leveraging the company’s existing JORC-compliant inferred gold resource in adjacent licences.
In an amended announcement, the company also retracted previously reported historical drilling, soil and rock chip sampling results for the area because the underlying data is still being compiled and does not yet meet ASX reporting requirements. As a result, Australasian has cautioned investors not to rely on those historical exploration results until compliant data can be provided, underscoring a more conservative disclosure stance while it advances its regional growth strategy.
The most recent analyst rating on (AU:A8G) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Australasian Metals Limited stock, see the AU:A8G Stock Forecast page.
More about Australasian Metals Limited
Australasian Metals Limited is an ASX-listed mineral exploration company focused on gold and polymetallic deposits in Central Queensland. The company holds 100% ownership of the Mt Clermont and Capella projects in the Drummond Basin’s Anakie Province, where it has already defined a maiden JORC-compliant inferred gold resource at the Ayres Rock and Retro Extended deposits.
Average Trading Volume: 29,262
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.92M
Learn more about A8G stock on TipRanks’ Stock Analysis page.