Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Dundas Minerals Limited ( (AU:DUN) ) has issued an update.
Dundas Minerals has secured the grant of Mining Lease M24/1004 over its Capricorn Gold Project, about 40km north of Kalgoorlie, triggering an option period to acquire an 80% interest alongside Horizon Gold’s 20% stake. Capricorn hosts a JORC 2012 inferred resource of 25,500 ounces of gold at 1.2 grams per tonne, has seen strong historical drill intercepts, and benefits from the absence of legacy mine workings, simplifying future mining studies.
The company believes Capricorn sits on the same north-south mineralised structural corridor as its nearby Rockland Gold Project, where drilling has outlined a 1km trend of high-grade mineralisation that remains open toward Capricorn. A largely untested 500m-plus zone between the deposits and recent encouraging results at both Capricorn and Rockland present a compelling growth target, with Dundas planning immediate RC drilling that could materially enhance its resource base and regional gold footprint.
More about Dundas Minerals Limited
Dundas Minerals Limited is an Australian exploration company focused on gold projects in Western Australia, particularly around the Kalgoorlie region. The company is advancing assets such as the Capricorn and Rockland gold projects, targeting structurally controlled, high-grade mineralisation with potential for resource growth and future development.
Average Trading Volume: 537,184
Technical Sentiment Signal: Sell
Current Market Cap: A$8.6M
For a thorough assessment of DUN stock, go to TipRanks’ Stock Analysis page.