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Hammer Metals Limited ( (AU:HMX) ) has issued an announcement.
Hammer Metals Ltd has commenced a new 1,500m reverse circulation drilling program at its Yandal Gold Project, targeting extensions of known mineralization at Orelia North and Bronzewing South. This drilling initiative aims to expand the existing gold resource and test new exploration targets, potentially enhancing the company’s operational capacity and market positioning in the gold mining sector.
The most recent analyst rating on (AU:HMX) stock is a Hold with a A$0.03 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 Ltd is an Australian company engaged in the exploration and development of gold projects, primarily focusing on its Yandal Gold Project in Western Australia. The company targets extensions of existing gold resources and explores new gold anomalies to enhance its market position in the mining industry.
YTD Price Performance: -27.27%
Average Trading Volume: 949,602
Technical Sentiment Signal: Sell
Current Market Cap: A$21.43M
See more insights into HMX stock on TipRanks’ Stock Analysis page.