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The latest announcement is out from Image Resources NL ( (AU:IMA) ).
Image Resources NL has reported diamond drilling results from its Erayinia/King gold project, where two deep core holes intersected broad zones of low-grade gold mineralisation, including 23 metres at 0.7 g/t gold and 11 metres at 0.9 g/t gold at depths of around 340 metres. The oriented core logging has significantly improved the understanding of the deposit’s structural geology, allowing an updated geological model and underpinning a maiden Mineral Resource Estimate by Snowden Optiro, which will guide the company’s next steps, potentially including further drilling for higher-grade extensions at depth or the divestment of the gold tenements to keep strategic focus on its mineral sands developments.
The most recent analyst rating on (AU:IMA) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Image Resources NL stock, see the AU:IMA Stock Forecast page.
More about Image Resources NL
Image Resources NL is an Australian resources company primarily focused on mineral sands development projects, with a portfolio that also includes 100%-owned gold tenements such as the Erayinia/King gold project in Western Australia. The company’s core business centres on advancing its mineral sands assets while assessing the strategic value of its gold holdings within the broader resources market.
YTD Price Performance: 3.57%
Average Trading Volume: 1,069,750
Technical Sentiment Signal: Sell
Current Market Cap: A$64.2M
Learn more about IMA stock on TipRanks’ Stock Analysis page.