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The latest update is out from Cyclone Metals Ltd ( (AU:CLE) ).
Cyclone Metals has reported encouraging early-stage exploration results from geochemical sampling at its Waikerikeri and Drybread gold projects in Central Otago, New Zealand, where ionic leach geochemistry has defined anomalous gold and multi-element responses that point to new, structurally controlled gold targets. The prospects, located roughly 15km from Santana Minerals’ Rise & Shine project and in a region with major existing gold operations, have never previously been geochemically sampled, suggesting potential for undiscovered primary hard-rock gold mineralisation that could enhance Cyclone’s exploration pipeline and regional positioning if further work confirms the targets’ scale and grade.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
More about Cyclone Metals Ltd
Cyclone Metals Limited is an ASX-listed mineral exploration company focused on gold and other commodities, with current exploration activities in Central Otago, New Zealand. The company’s primary projects in the region are the wholly owned Waikerikeri and Drybread prospecting permits, where it targets hard-rock gold systems in a district that also hosts significant alluvial gold and nearby established gold operations.
Average Trading Volume: 3,119,383
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$57.51M
For an in-depth examination of CLE stock, go to TipRanks’ Overview page.