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Elementos Limited ( (AU:ELT) ) has provided an announcement.
Elementos Limited has announced significant advancements in its Cleveland Project in Tasmania, where recent X-Ray Transmission (XRT) ore sorting test work has substantially upgraded tungsten grades. The results show a grade uplift of up to 680% and a tungsten recovery rate of 87%, which could lead to lower development costs and increased output. This development comes at a time when tungsten prices have surged due to global demand and supply constraints, positioning Elementos to potentially enhance its market standing and economic viability of the Cleveland Project.
The most recent analyst rating on (AU:ELT) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Elementos Limited stock, see the AU:ELT Stock Forecast page.
More about Elementos Limited
Elementos Limited is a company operating in the mining industry, focusing on the extraction and development of tin and tungsten resources. The company is primarily involved in projects such as the Cleveland Project in Tasmania and the Oropesa Tin Project in Spain, with a market focus on critical minerals like tungsten, which is in high demand globally.
Average Trading Volume: 262,303
Technical Sentiment Signal: Buy
Current Market Cap: A$116.8M
See more data about ELT stock on TipRanks’ Stock Analysis page.