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Caspin Resources Ltd. ( (AU:CPN) ) just unveiled an update.
Caspin Resources reported strong initial metallurgical results from its Kelpie tin deposit at the Bygoo Tin Project, with test work delivering a 53.6% tin concentrate at 83.8% recovery using a combination of gravity separation and flotation, and a 58.3% tin concentrate at 58.7% recovery from gravity-only separation. These early-stage results, which compare favourably with operating mines and development peers, suggest highly favourable ore characteristics and multiple avenues for further optimisation, including ore sorting that has already demonstrated significant grade upgrades, while planned resource extension drilling in February and March aims to build project scale. At the Weethalle Gold Project, Caspin will commence a Phase 2 drilling program in early February, following encouraging indications of a large hydrothermal system from initial drilling, soil geochemistry and geophysical work; this next phase will concentrate on extending the Euratha historical workings where a 400m gold-in-soil anomaly and high-grade rock chips up to 11.6 g/t gold point to promising mineralised potential.
The most recent analyst rating on (AU:CPN) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Caspin Resources Ltd. stock, see the AU:CPN Stock Forecast page.
More about Caspin Resources Ltd.
Caspin Resources Limited (ASX: CPN) is an Australian mineral exploration company focused on advancing tin and gold projects, notably the 100%-owned Bygoo Tin Project and the Weethalle Gold Project in New South Wales. The company is targeting high-value critical and precious metals through drilling, metallurgical test work and geophysical programs aimed at defining economic resources and potential development scenarios.
Average Trading Volume: 1,301,652
Technical Sentiment Signal: Buy
Current Market Cap: A$26.92M
See more insights into CPN stock on TipRanks’ Stock Analysis page.