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An announcement from Cygnus Metals Limited ( (AU:CY5) ) is now available.
Cygnus Metals Limited has announced promising infill drilling results from its Corner Bay deposit at the Chibougamau Copper-Gold Project in Quebec. These results, which include significant copper equivalent grades, are expected to enhance the upcoming Mineral Resource update and support the company’s strategy to convert Inferred Resources to Indicated Resources. The project benefits from existing infrastructure, including a processing facility and regional transport links, positioning it as a significant copper-gold development opportunity.
The most recent analyst rating on (AU:CY5) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Cygnus Metals Limited stock, see the AU:CY5 Stock Forecast page.
More about Cygnus Metals Limited
Cygnus Metals Limited operates in the mining industry, focusing on copper and gold exploration and development. The company is engaged in resource growth and conversion strategies at its Chibougamau Copper-Gold Project in Quebec, leveraging well-established infrastructure to advance its projects.
Average Trading Volume: 1,149,986
Technical Sentiment Signal: Hold
Current Market Cap: A$82.56M
See more insights into CY5 stock on TipRanks’ Stock Analysis page.