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Dome Gold Mines Ltd. ( (AU:DME) ) has shared an announcement.
Dome Gold Mines reported a new construction sand resource estimate for the Kulukulu South area of its Sigatoka project, confirming 19.9 million tonnes of high-silica, low-fines sand suitable for concrete and asphalt and comparable to major Australian dune systems, in a report prepared in line with JORC 2012 principles. This resource, along with the previously reported 189.3 million tonnes of iron sands in the broader Sigatoka area, marks a major step toward finalising the Sigatoka feasibility study and securing a mining lease, with ongoing site work focused on pit design, material transport, and water sourcing. To advance these plans, Dome has launched a convertible note funding proposal of up to $7 million to complete the Sigatoka feasibility study, run airborne geophysical surveys over the Nadrau copper-gold licence, and recruit experienced technical and marketing staff, while the recent rise in copper, gold and silver prices is enhancing the strategic value of its Nadrau tenement for future exploration and potential discovery.
The most recent analyst rating on (AU:DME) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Dome Gold Mines Ltd. stock, see the AU:DME Stock Forecast page.
More about Dome Gold Mines Ltd.
Dome Gold Mines Ltd is an Australia-based mineral exploration and development company focused on industrial sand, magnetite, and heavy mineral projects, as well as copper-gold and gold-silver prospects in Fiji. Its primary assets include the Sigatoka industrial sand-magnetite-heavy mineral project, the Nadrau (SPL1452) porphyry copper-gold project, and the Ono Island gold-silver project, positioning the company to supply construction sand and iron sands alongside potential base and precious metal production.
Average Trading Volume: 40,621
Technical Sentiment Signal: Sell
Current Market Cap: A$50.29M
For an in-depth examination of DME stock, go to TipRanks’ Overview page.