Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Gold Mountain Limited ( (AU:GMN) ) has shared an announcement.
Gold Mountain Limited has reported new assay results from 11 diamond drill holes at the IR-1 target within its Irajuba rare earths prospect in Brazil, with best intersections including 39 metres at 2,002 ppm total rare earth oxides (TREO) and a high proportion of magnet rare earth oxides (MREO). The drilling, conducted 100–750 metres south of the previously defined exploration target, has successfully extended the known mineralised zone into cleared grazing land, confirming thick intervals of good-grade saprolite and saprock-hosted rare earth mineralisation and reinforcing the project’s potential scale and strategic relevance in the growing market for magnet rare earths.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
More about Gold Mountain Limited
Gold Mountain Limited is an ASX-listed mineral exploration company focused on lithium, copper and rare earth element (REE) projects in Brazil, as well as copper projects in Papua New Guinea. Its portfolio spans multiple prospective regions, including the Cococi, Iguatu, Jacurici, Salinas and Serido belts for lithium, various Brazilian copper districts such as Ararenda and Sao Juliao, and REE exploration at Jequie, positioning the company to benefit from demand for critical minerals used in energy transition and advanced technologies.
Average Trading Volume: 93,108
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.92M
See more data about GMN stock on TipRanks’ Stock Analysis page.