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Cosmo Metals Advances NSW Gold-Antimony Exploration and Secures Grants for Key Drill Programs

Story Highlights
  • Cosmo Metals completed maiden drilling at Spring Creek, delivering strong shallow gold intercepts at Bingara.
  • The company defined new antimony and gold targets in NSW and secured government co-funding for further exploration and deep drilling.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cosmo Metals Advances NSW Gold-Antimony Exploration and Secures Grants for Key Drill Programs

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An announcement from Cosmo Metals Limited ( (AU:CMO) ) is now available.

Cosmo Metals’ December quarter was marked by the completion of its maiden reverse circulation drilling campaign at the Spring Creek gold prospect within the Star of Bingara to Lone Hand trend, the first drilling in the Bingara area in roughly three decades, yielding encouraging gold intercepts including 6m at 9.99g/t Au from shallow depth. The company also advanced target generation across its NSW portfolio by interpreting LiDAR data to define the 8km Antimony Gully trend with high-grade antimony rock chip results, completing a government-backed geochemical program over the Mt Everest–Mona trend, and planning systematic mapping and sampling to refine drill targets, while securing separate WA government co-funding to drill a deep diamond hole at its Kanowna gold project, underscoring growing institutional support for its exploration strategy in both critical minerals and gold.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

More about Cosmo Metals Limited

Cosmo Metals Limited is an ASX-listed mineral exploration company focused on gold, antimony and copper projects in the New England Orogen of northern New South Wales and a gold project at Kanowna near Kalgoorlie in Western Australia. The company holds 100% of the Bingara and Nundle exploration tenements, spanning 743km² across the Peel Fault, targeting camp-scale, high-grade multi-commodity discoveries in an underexplored but highly prospective belt that hosts major deposits such as Hillgrove and Mt Morgan.

Average Trading Volume: 1,506,619

Technical Sentiment Signal: Sell

Current Market Cap: A$5.65M

See more insights into CMO stock on TipRanks’ Stock Analysis page.

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