Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Australian Gold & Copper Ltd. ( (AU:AGC) ) just unveiled an update.
Australian Gold and Copper Ltd has issued an amendment to its initial mineral resource estimate for the Achilles project, which contains 38.5 million ounces of silver-equivalent. The company addressed queries from the ASX regarding the extrapolation of inferred mineral resources and the use of portable XRF data in un-mineralised intervals. The amendments clarify that 19% of the mineral resource estimate is based on extrapolated data, and no part of the estimate relies on portable XRF readings. These updates aim to ensure accuracy and compliance with JORC standards, potentially impacting the company’s credibility and stakeholder confidence.
More about Australian Gold & Copper Ltd.
Australian Gold and Copper Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include gold and copper, with a market focus on expanding its mineral resource estimates and enhancing its exploration capabilities.
Average Trading Volume: 320,449
Technical Sentiment Signal: Buy
Current Market Cap: A$63.28M
See more insights into AGC stock on TipRanks’ Stock Analysis page.