Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Cobre Limited ( (AU:CBE) ) has issued an announcement.
Cobre Limited has begun construction of an In-Situ Copper Recovery (ISCR) production wellfield at its wholly owned Ngami Copper Project in Botswana, marking the first stage of a planned ISCR demonstration plant that will underpin resource drilling and feasibility work ahead of potential commercial development. The wellfield, comprising multiple vertical and horizontal injection-recovery wells linked to an advanced telemetry and monitoring system, is designed to test hydraulic control, optimise well configurations, and gather detailed operational data, thereby de-risking the project, supporting environmental approvals, enabling potential depth extensions of recoveries, and moving the Comet Deposit closer to scalable ISCR-based copper-silver production.
The most recent analyst rating on (AU:CBE) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Cobre Limited stock, see the AU:CBE Stock Forecast page.
More about Cobre Limited
Cobre Limited is an ASX-listed exploration and development company focused on copper-silver resources, with its primary activities centred on the Ngami Copper Project in Botswana. The company is advancing an In-Situ Copper Recovery (ISCR) strategy aimed at developing the Comet Deposit, targeting near-surface to mid-depth mineralisation and leveraging modern drilling and wellfield technologies to position itself within the emerging ISCR copper sector.
Average Trading Volume: 1,192,758
Technical Sentiment Signal: Buy
Current Market Cap: A$73.04M
For detailed information about CBE stock, go to TipRanks’ Stock Analysis page.