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An announcement from Evolution Energy Minerals Limited ( (AU:EV1) ) is now available.
Evolution Energy Minerals has completed a systematic soil sampling programme at its Chikundo Copper Project within the Chilalo tenure in southern Tanzania, collecting 1,558 samples across the Chikundo, Chikundo East and Nangurugai prospect areas as part of its data-driven exploration strategy targeting a district-scale VMS-style copper system. The company is now conducting internal quality assurance checks before sending samples to SGS Laboratories in Johannesburg for detailed geochemical analysis, and is concurrently designing an initial reverse circulation drilling campaign of 1,500–3,000 metres for 2026, signalling a move toward more advanced exploration that could refine its geological model and potentially enhance its position in emerging Tanzanian copper districts.
The most recent analyst rating on (AU:EV1) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Evolution Energy Minerals Limited stock, see the AU:EV1 Stock Forecast page.
More about Evolution Energy Minerals Limited
Evolution Energy Minerals Limited is an ASX- and FSE-listed resources company focused on mineral exploration and development in southern Tanzania, with a particular emphasis on copper and related volcanogenic massive sulphide (VMS) systems within its broader Chilalo project tenure.
Average Trading Volume: 707,299
Technical Sentiment Signal: Hold
Current Market Cap: A$10.75M
For an in-depth examination of EV1 stock, go to TipRanks’ Overview page.