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Enegex Limited ( (AU:ENX) ) just unveiled an announcement.
During the December 2025 quarter, Enegex advanced its strategic pivot toward West African gold exploration following the shareholder-approved acquisition of Famien Resources’ 3,700km² portfolio in Côte d’Ivoire and an accompanying A$5 million placement to fund exploration and growth. Detailed soil sampling on the Gogo permit defined extensive, coherent, high-grade gold-in-soil anomalies along the 5km Bonoubana Trend, while trenching and power auger drilling were completed with results pending; parallel power auger drilling on the Tougbe permit delivered strong near-surface gold intercepts that delineate a substantial aircore drilling target. The company also secured four additional exploration permits in Côte d’Ivoire (Tougbe East, Gogo West, Toumodi and Dimbokro), progressed soil geochemistry and planning for aircore drilling on its West Yilgarn assets in Western Australia, and strengthened its board with the appointment of Managing Director Paul Roberts and Non-Executive Director Eric Kondo, collectively positioning Enegex for an accelerated exploration program and enhanced exposure to West African gold discovery upside.
The most recent analyst rating on (AU:ENX) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on Enegex Limited stock, see the AU:ENX Stock Forecast page.
More about Enegex Limited
Enegex Limited is an ASX-listed mineral exploration company focused on gold exploration, with a growing portfolio of 100%-owned projects in Côte d’Ivoire, West Africa, and additional exploration assets in the West Yilgarn region of Western Australia. The company is expanding its presence in highly prospective Birimian greenstone belts, targeting early-stage discovery and resource growth opportunities supported by recent capital raising and refreshed board leadership.
Average Trading Volume: 231,932
Technical Sentiment Signal: Buy
Current Market Cap: A$92.23M
For detailed information about ENX stock, go to TipRanks’ Stock Analysis page.