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An announcement from Lexington Gold ( (GB:LEX) ) is now available.
Lexington Gold has reported a 53% increase in the JORC-compliant Inferred Mineral Resource at its Jones Keystone-Loflin (JKL) Project in North Carolina, taking the total to 12.9Mt at 0.78 g/t gold for 323,500 ounces, following updated independent estimates by Pivot Mining Consultants. The upgrade, driven in part by lower cut-off grades and revised economic assumptions, materially strengthens the project’s technical and strategic profile, with management highlighting its relevance for potential partnering or disposal discussions, while noting that mineralisation at both Jones Keystone and Loflin remains open and could be further expanded through additional drilling.
The most recent analyst rating on (GB:LEX) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Lexington Gold stock, see the GB:LEX Stock Forecast page.
Spark’s Take on GB:LEX Stock
According to Spark, TipRanks’ AI Analyst, GB:LEX is a Neutral.
The score is weighed down primarily by pre-revenue operations, widening losses, and ongoing cash burn, indicating continued funding needs. Technicals add modest pressure with weak momentum and price below key short-term moving averages. The strongest offset is the balance sheet position with zero reported debt, which helps reduce financial risk.
To see Spark’s full report on GB:LEX stock, click here.
More about Lexington Gold
Lexington Gold is a gold exploration and development company listed on AIM and OTCQB, with a portfolio of high-quality projects in South Africa and the United States. The company focuses on advancing gold resources in established mineral provinces, including the Carolina Super Terrane in North Carolina, a well-known gold-bearing belt that hosts several major deposits.
Average Trading Volume: 504,200
Technical Sentiment Signal: Buy
Current Market Cap: £18.71M
Learn more about LEX stock on TipRanks’ Stock Analysis page.