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The latest announcement is out from Golden Deeps Limited ( (AU:GED) ).
Golden Deeps has advanced exploration at its Graceland prospect within the Central Otavi Project in northern Namibia, reporting spectacular high-grade channel sampling results for copper, silver, zinc, lead and germanium from newly defined gossan outcrops over a mineralised corridor now extended to about 3km in strike. The company has begun diamond drilling beneath these key gossans using a newly acquired portable rig, completed a detailed IP-resistivity survey over most of the corridor to generate deeper “Tsumeb-type” critical metals sulphide targets, and is preparing a larger-scale drilling program after the wet season, supported by a $3.54 million capital raising that leaves it with more than $5 million in cash to sustain its aggressive Namibian exploration strategy.
The most recent analyst rating on (AU:GED) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Golden Deeps Limited stock, see the AU:GED Stock Forecast page.
More about Golden Deeps Limited
Golden Deeps Limited is an ASX-listed mineral exploration company focused on critical metals in Namibia’s Otavi Mountain Land, a historic polymetallic belt that includes world-class operations such as Tsumeb and Kombat. The company’s recently acquired Central Otavi Project targets high-grade copper, silver, zinc, lead and germanium, positioning Golden Deeps within a prospective region for polymetallic and critical metal sulphide deposits.
Average Trading Volume: 373,540
Technical Sentiment Signal: Hold
Current Market Cap: A$14.36M
For detailed information about GED stock, go to TipRanks’ Stock Analysis page.