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Enterprise Metals Limited ( (AU:ENT) ) has shared an announcement.
Enterprise Metals Limited has corrected an earlier announcement on high-grade rare earth drill results at its Cuddingwarra North project in Western Australia, clarifying an error in a location plan for drill hole CWAC004 and updating commentary in its JORC compliance table. The company said the changes are administrative only and do not alter the substance of the reported results, which underpin its emerging position in clay-hosted REE exploration.
The maiden drilling program at the Emily Well prospect on the E20/944 tenement comprised 14 reverse circulation holes, with 13 intersecting total rare earth oxides above 300ppm and several delivering standout grades, including a 25-metre interval at 1,099ppm TREO from hole CWAC004. These results, showing strong proportions of magnet and heavy rare earths associated with deep weathering in felsic volcanoclastic units, support Enterprise’s plans for further drilling across its broader Emily Well landholding to define the scale of mineralisation.
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 is an Australian mineral exploration company focused on rare earth element (REE) prospects in Western Australia. The company is advancing clay-hosted REE projects near Cue, including its wholly owned E20/944 tenement and adjacent licences, targeting minerals critical to high-performance permanent magnets used in electric vehicles and advanced technologies.
Current Market Cap: A$6.42M
See more insights into ENT stock on TipRanks’ Stock Analysis page.