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An update from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf has reported strong maiden exploration results from its Tanzanian gold assets, highlighting high-grade rock chip and stream sediment assays at the Hazina prospect within its Southern Frontier project, which indicate significant gold prospectivity along a 3 km trend coincident with a major geophysical anomaly. Alongside these results, the company has expanded its Southern Frontier footprint with new licence applications and advanced its Golden Eagle Gold Project through the commencement of a US$9 million farm-in agreement with AngloGold Ashanti, reinforcing the strategic value of its Tanzanian gold portfolio and potentially enhancing future project development and investor interest in its gold assets.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
More about EcoGraf
EcoGraf Limited is an ASX- and FSE-listed resources company that, in addition to its core graphite business, holds substantial legacy gold tenure in Tanzania across Archean and Proterozoic terrains. Its Tanzanian portfolio includes the Golden Eagle Gold Project and multiple frontier gold projects collectively known as the Golden Frontiers, covering more than 3,000 square kilometres and positioned in highly prospective gold corridors near established regional deposits and mines.
Average Trading Volume: 466,252
Technical Sentiment Signal: Buy
Current Market Cap: A$156.9M
Find detailed analytics on EGR stock on TipRanks’ Stock Analysis page.