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Centaurus Metals Limited ( (AU:CTM) ) has issued an update.
Centaurus Metals Limited has announced the discovery of significant iron mineralization at its Boi Novo Project in the Carajás Mineral Province, with an initial iron ore exploration target of 520-780 million tonnes grading 30-35% Fe. Preliminary metallurgical tests indicate the potential for producing high-grade iron concentrate, while ongoing copper exploration continues to yield promising results, highlighting the project’s multi-commodity potential and strategic importance.
The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.
More about Centaurus Metals Limited
Centaurus Metals Limited is an exploration and development company focused on mineral resources, primarily in the Carajás Mineral Province of northern Brazil. The company is involved in exploring and developing iron ore and copper projects, leveraging its strategic location and access to key infrastructure.
Average Trading Volume: 499,739
Technical Sentiment Signal: Sell
Current Market Cap: A$173.8M
Learn more about CTM stock on TipRanks’ Stock Analysis page.