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An announcement from GCX Metals Limited ( (AU:TM1) ) is now available.
GCX Metals has reported a new platinum group metal–copper–nickel sulfide discovery at the SW6 target within its Dante Project, with first assays from two reverse circulation holes confirming multiple thick zones of PGM mineralisation, both ending in mineralised intervals. Follow-up diamond drilling on one of the holes has visually intersected additional net-textured to semi-massive sulfides over a further 148 metres, while downhole electromagnetic surveying has identified a strong off-hole conductor that suggests the system may thicken or upgrade at depth, reinforcing Dante’s potential as a large, multi-commodity, tier-one magmatic system and setting up SW6 as a high-priority growth area for future drilling and resource expansion.
The most recent analyst rating on (AU:TM1) stock is a Buy with a A$0.19 price target. To see the full list of analyst forecasts on GCX Metals Limited stock, see the AU:TM1 Stock Forecast page.
More about GCX Metals Limited
GCX Metals Limited is an ASX-listed mineral exploration company focused on the Dante Project, a large magmatic system prospective for platinum group metals (PGMs), copper, nickel, titanium, vanadium and iron. The project currently hosts a 148Mt Mineral Resource Estimate in Bushveld-style reefs and is being advanced as a potential multi-commodity, tier-one-scale asset through systematic target generation and drilling across multiple prospects within the broader Dante area.
Average Trading Volume: 1,960,493
Technical Sentiment Signal: Hold
Current Market Cap: A$110.8M
For detailed information about TM1 stock, go to TipRanks’ Stock Analysis page.