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An update from Kendrick Resources PLC ( (GB:KEN) ) is now available.
Kendrick Resources has begun Phase II drilling at the Teufelskuppe and Keishohe carbonatite complexes within its Bonya rare earth project in Namibia, aiming to convert historic high-grade data into JORC-compliant mineral resource estimates. The initial programme will test all eight known intrusions at Teufelskuppe, confirm the geometry of the cone sheet-hosted mineralisation, and extend a similar approach at Keishohe, where multiple mineralised bodies suggest scope for a substantial future resource.
The company is also commissioning digital elevation modelling, detailed petrological and geochemical studies, and dry ore sorting test work to refine resource volumes and support future metallurgical design, leveraging a substantial inherited dataset of trenching and drilling. With independently published data showing exceptional total rare earth oxide grades at Teufelskuppe and promising grades at Keishohe, the fast-tracked workstream underscores Kendrick’s strategy to build a significant rare earths position in Namibia and potentially enhance shareholder value.
The most recent analyst rating on (GB:KEN) stock is a Hold with a £0.98 price target. To see the full list of analyst forecasts on Kendrick Resources PLC stock, see the GB:KEN Stock Forecast page.
Spark’s Take on GB:KEN Stock
According to Spark, TipRanks’ AI Analyst, GB:KEN is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, negative cash flow, and a material 2024 decline in equity/assets). Technicals provide some offset due to strong upward trend vs moving averages and positive MACD, but overbought momentum indicators increase near-term risk. Valuation is also constrained by negative earnings and no dividend yield support.
To see Spark’s full report on GB:KEN stock, click here.
More about Kendrick Resources PLC
Kendrick Resources is a London-listed mineral exploration and development company focused on rare earth elements, with a growing asset base in Namibia. The group is concentrating on advancing the Bonya rare earth project, targeting carbonatite-hosted deposits rich in neodymium and praseodymium for potential use in high-value magnet and technology markets.
Average Trading Volume: 6,294,351
Technical Sentiment Signal: Buy
Current Market Cap: £6.69M
Find detailed analytics on KEN stock on TipRanks’ Stock Analysis page.