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An announcement from Brazilian Rare Earths Ltd. ( (AU:BRE) ) is now available.
Brazilian Rare Earths Ltd. has announced the completion of a Scoping Study for its Amargosa Bauxite-Gallium Project, which assesses the project’s technical and economic viability. The study indicates that while the project has potential, further detailed studies and additional funding are necessary to proceed with development. The company acknowledges the uncertainties inherent in the study and the need for additional exploration and financial resources to ensure the project’s success.
The most recent analyst rating on (AU:BRE) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Brazilian Rare Earths Ltd. stock, see the AU:BRE Stock Forecast page.
More about Brazilian Rare Earths Ltd.
Brazilian Rare Earths Ltd. operates in the mining industry, focusing on the exploration and development of rare earth minerals. The company is primarily involved in the production of bauxite and gallium, with a market focus on large-scale, low-capex, direct-ship bauxite projects.
Average Trading Volume: 559,839
Technical Sentiment Signal: Buy
Current Market Cap: A$1.1B
Learn more about BRE stock on TipRanks’ Stock Analysis page.