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Balkan Mining and Minerals Ltd ( (AU:BMM) ) has shared an announcement.
Bayan Mining and Minerals has reported substantially upgraded rare earth grades from follow-up surface and heavy mineral concentrate sampling at its 100%-owned Desert Star Project in California, with assays reaching up to 66,810 ppm total rare earth oxides (TREO) at surface and 91,092 ppm TREO in concentrates. The latest work confirms robust REE mineralisation linked to favourable pegmatitic and gneissic host rocks and has defined four high-priority targets supported by geophysical and geochemical data, while recent approval of the Plan of Operations by the U.S. Bureau of Land Management clears the way for expanded fieldwork and drilling, potentially enhancing the project’s strategic value in a key rare earths district for investors and downstream supply chains.
The most recent analyst rating on (AU:BMM) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Balkan Mining and Minerals Ltd stock, see the AU:BMM Stock Forecast page.
More about Balkan Mining and Minerals Ltd
Bayan Mining and Minerals Ltd (ASX: BMM) is an Australian-listed exploration company focused on rare earth element (REE) projects, with a key asset in the Desert Star Project in San Bernardino County, California. The company is targeting high-grade REE mineralisation in a prolific mining corridor that includes MP Materials’ Mountain Pass rare earth mine and Dateline Resources’ Colosseum gold mine, leveraging similar structural and geological characteristics to these established operations.
Average Trading Volume: 775,950
Technical Sentiment Signal: Buy
Current Market Cap: A$17.61M
Find detailed analytics on BMM stock on TipRanks’ Stock Analysis page.