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Hammer Metals Limited ( (AU:HMX) ) has shared an update.
Hammer Metals plans a major new drilling campaign at its Kalman Critical Metals Deposit near Mount Isa, targeting copper-gold, molybdenum and rhenium mineralisation. The program aims to upgrade remaining Inferred open-pit resources to Indicated status, supporting a maiden scoping study that will integrate Kalman with nearby Hammer-owned copper-gold resources to advance a potential development pathway.
Alongside Kalman, the company will undertake resource evaluation and discovery drilling across the Blackrock-Mountain View trend, Lady Jenny, Trafalgar and new targets Redback and Orphan. Management says strong commodity prices and rising interest in Australian critical metals underpin the decision to accelerate work, with the broader program intended to expand Hammer’s JORC resource base and strengthen its position in the copper-gold and critical metals sector.
The most recent analyst rating on (AU:HMX) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Hammer Metals Limited stock, see the AU:HMX Stock Forecast page.
More about Hammer Metals Limited
Hammer Metals Limited is an Australian exploration company focused on copper, gold and critical metals in the Mount Isa region of Queensland. The company’s portfolio includes the flagship Kalman Critical Metals Deposit, along with nearby copper-gold resources such as Overlander, Lakeview, Jubilee and multiple satellite prospects extending across key mineralised trends.
YTD Price Performance: 43.75%
Average Trading Volume: 983,292
Technical Sentiment Signal: Buy
Current Market Cap: A$41.07M
Find detailed analytics on HMX stock on TipRanks’ Stock Analysis page.