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Bubalus Resources Ltd. ( (AU:BUS) ) has shared an update.
Bubalus Resources has confirmed a gold-bearing mineralised system at its Avon Plains prospect in Victoria following a maiden 15-hole reverse circulation drilling campaign, with 14 holes intersecting quartz reefs and grades of up to 1.26 g/t gold. While the initial gold grades are modest, the program establishes the presence and orientation of a northwest-trending quartz reef that remains open along strike and at depth, prompting the company to evaluate further infill and extension drilling, additional geochemical sampling, and testing of untested anomalies, even as operational focus shifts to its higher-grade Wilson’s Hill gold project and the Amadeus Critical Minerals Project, which has already delivered encouraging gallium results.
The most recent analyst rating on (AU:BUS) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Bubalus Resources Ltd. stock, see the AU:BUS Stock Forecast page.
More about Bubalus Resources Ltd.
Bubalus Resources Limited is an Australian mineral exploration company listed on the ASX, focused on gold and critical minerals projects in key mining regions, including the Victorian goldfields and the Amadeus region. Its portfolio includes the Avon Plains and Wilson’s Hill gold projects as well as the Amadeus Critical Minerals Project, where it is targeting both precious metals and strategic metals such as gallium.
Average Trading Volume: 220,342
Technical Sentiment Signal: Sell
Current Market Cap: A$7.69M
Learn more about BUS stock on TipRanks’ Stock Analysis page.