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Asra Minerals Limited ( (AU:GA8) ) has provided an update.
GoldArc Resources has advanced its gold exploration portfolio in Western Australia’s Leonora region, with soil sampling at Leonora North identifying five gold anomalies, including the high-priority S4 target, which exhibits a stronger geochemical signature than the original Mt Stirling discovery. At Leonora South, the company completed aircore and reverse circulation drilling across key prospects, confirmed high-grade gold systems at the Cosmopolitan Mine and Eclipse/Challenge areas, applied for additional exploration licences to expand its project footprint, and strengthened its development pathway through a strategic funding partnership with BML Ventures, a letter of intent with MMS to progress JORC resources, and securing up to 100% ownership of the Mt Stirling tenement, collectively positioning GoldArc for accelerated mining operations and reduced administrative costs.
The most recent analyst rating on (AU:GA8) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Asra Minerals Limited stock, see the AU:GA8 Stock Forecast page.
More about Asra Minerals Limited
GoldArc Resources Ltd (ASX:GA8) is a gold exploration and development company focused on projects in the Leonora region of Western Australia, including the Mt Stirling and Stirling Well deposits as well as the Leonora North and Leonora South project areas.
Average Trading Volume: 1,565,521
Technical Sentiment Signal: Sell
Current Market Cap: A$40.08M
For detailed information about GA8 stock, go to TipRanks’ Stock Analysis page.