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Eastern Metals Limited ( (AU:EMS) ) has issued an update.
Eastern Metals has recommenced trading on the ASX following its acquisition of Raptor Resources, completing its transition into a copper-focused explorer and positioning the soon-to-be-renamed Raptor Metals Ltd to target high-grade copper, zinc and other base metals in Canada’s Bathurst Mining Camp. Backed by a $5 million capital raising and an $11.85 million market capitalisation, the company plans immediate drilling at its flagship Chester Project and broader systematic exploration across its Canadian portfolio, aiming to grow resources and enhance shareholder returns in a proven VMS district.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
More about Eastern Metals Limited
Eastern Metals Ltd, soon to be renamed Raptor Metals Ltd, is an Australian-headquartered exploration company focused on base metals, particularly high-potential copper discoveries in the Bathurst Mining Camp in New Brunswick, Canada. Through its acquisition of Raptor Resources Limited, the company now controls a portfolio of advanced volcanogenic massive sulphide (VMS) assets, including the Chester Project, which has a JORC-compliant mineral resource estimate of 6.68Mt at 1.092% copper, and the Turgeon Project, both located in a tier-one mining jurisdiction with strong infrastructure and a long history of base metal production.
Technical Sentiment Signal: Sell
Find detailed analytics on EMS stock on TipRanks’ Stock Analysis page.