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Great Western Exploration Limited ( (AU:GTE) ) just unveiled an update.
Great Western Exploration has outlined an aggressive drilling program across multiple VHMS copper-gold targets near Sandfire’s DeGrussa deposit, including a large DeGrussa-style target at Oval scheduled for drilling in late March and six targets at the Juggernaut prospect, which the company sees as a potential new copper-gold camp. Additional work will test a large lag copper anomaly and gossanous rocks at Diorama and a newly identified extensive copper-anomalous quartz vein at Baroo, with the campaign supported by an experienced board, strong balance sheet and concentrated shareholder base, positioning the company for potential value uplift if significant mineralisation is confirmed.
The most recent analyst rating on (AU:GTE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Great Western Exploration Limited stock, see the AU:GTE Stock Forecast page.
More about Great Western Exploration Limited
Great Western Exploration Limited is an Australian mineral exploration company focused on discovering copper and gold deposits, particularly volcanogenic massive sulphide (VHMS) systems. The company operates a portfolio of targets in Western Australia, including projects adjacent to the high-profile DeGrussa copper-gold mine, and maintains low corporate overheads with significant insider ownership and a solid cash position.
Average Trading Volume: 1,034,347
Technical Sentiment Signal: Sell
Current Market Cap: A$14.19M
For an in-depth examination of GTE stock, go to TipRanks’ Overview page.