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An update from Labyrinth Resources Limited ( (AU:GG8) ) is now available.
Gorilla Gold Mines Ltd, operating in the gold mining industry, focuses on high-grade gold projects in Western Australia. The company is actively involved in exploration and resource development across its key projects, including Comet Vale, Mulwarrie, and Vivien, all located in prime Goldfields locations. Gorilla Gold has announced a significant upgrade to the Mineral Resource Estimate (MRE) for its Comet Vale Gold Project, marking a 900% increase to 0.86 million ounces of contained gold. This substantial growth is part of Gorilla’s strategy to expand its high-grade resource inventory efficiently, with a discovery cost of just $25 per ounce. The company is advancing development studies and drilling programs to further enhance its resource base, which now totals 1.5 million ounces across its Western Australian projects, indicating strong potential for future growth and value creation for shareholders.
The most recent analyst rating on (AU:GG8) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Labyrinth Resources Limited stock, see the AU:GG8 Stock Forecast page.
More about Labyrinth Resources Limited
Average Trading Volume: 1,355,146
Technical Sentiment Signal: Buy
Current Market Cap: A$342.6M
For detailed information about GG8 stock, go to TipRanks’ Stock Analysis page.