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Enterprise Metals Limited ( (AU:ENT) ) has shared an update.
Enterprise Metals Limited announced the completion of a heritage survey for its Cuddingwarra North project, paving the way for a planned Stage 1 slimline drilling program. This initiative aims to explore the potential extension of Victory Metals Ltd’s North Stanmore Heavy Rare Earth Elements deposit into Enterprise’s tenement, based on findings from a 2022 airborne electromagnetic survey. The survey identified several promising targets, including a large body of clay that could indicate rare earth element-rich clays, which are significant for the company’s strategic positioning in the rare earth elements market.
The most recent analyst rating on (AU:ENT) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enterprise Metals Limited stock, see the AU:ENT Stock Forecast page.
More about Enterprise Metals Limited
Enterprise Metals Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company primarily targets rare earth elements and other valuable mineral deposits, with a market focus on expanding its resource base through strategic exploration activities.
Current Market Cap: A$6.72M
For detailed information about ENT stock, go to TipRanks’ Stock Analysis page.