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GCX Metals Limited ( (AU:TM1) ) has provided an update.
GCX Metals has announced a second platinum group metal–copper–nickel sulphide discovery at the Southwest Prospect within its Dante Project, with first assays from the SW5 target confirming a 69m continuously mineralised interval in drillhole SWT011 that includes several high-grade PGE zones with associated copper and nickel. Located about 800 metres south of the earlier SW6 discovery and outside the current Dante Mineral Resource Estimate, SW5 appears to represent a stratigraphically controlled, reef-style sulphide horizon that, together with the feeder-proximal style at SW6, points to a large, multi-phase magmatic sulphide system that could add significant upside to GCX’s already substantial polymetallic resource as the company progresses resource upgrade drilling and metallurgical optimisation work at Dante.
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 exploration company focused on developing the Dante Project, a large polymetallic resource hosting titanium dioxide, vanadium, copper and platinum group elements (PGE) in Western Australia. The company is advancing a defined Mineral Resource Estimate at its main Reef 1 and Reef 2 deposits while simultaneously testing new sulphide targets within the broader Dante mineralised system.
Average Trading Volume: 1,956,750
Technical Sentiment Signal: Hold
Current Market Cap: A$118.7M
For a thorough assessment of TM1 stock, go to TipRanks’ Stock Analysis page.