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Dragon Mountain Gold Limited ( (AU:DMG) ) just unveiled an update.
Dragon Mountain Gold reported ongoing review work at its Avalon Project, where it is assessing the critical minerals potential through analysis of geological maps, satellite imagery, geophysical and geochemical datasets, including old tailings, to define targets for future field reconnaissance. At the Cawse Project, the company is re-evaluating gold prospectivity by prioritising the identification of historical drill holes that were never assayed for gold, with plans to locate pulps for re-assay, while simultaneously conducting due diligence on additional project opportunities, maintaining a modest cash balance of $179,000 and having spent $29,000 on exploration in the quarter without incurring development or production costs.
The most recent analyst rating on (AU:DMG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Dragon Mountain Gold Limited stock, see the AU:DMG Stock Forecast page.
More about Dragon Mountain Gold Limited
Dragon Mountain Gold Limited is an ASX-listed mineral exploration company focused on gold and critical minerals projects in Western Australia. The company is earning into the Cawse and Avalon projects, where it currently holds a 25% interest, and targets both gold prospectivity and critical minerals potential within these tenements.
Average Trading Volume: 1,215,454
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.16M
See more data about DMG stock on TipRanks’ Stock Analysis page.