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An announcement from Linq Minerals Limited ( (AU:LNQ) ) is now available.
Linq Minerals reported strong December-quarter exploration progress at its Gilmore Gold-Copper Project, with Phase 1 drilling at the historic Gidginbung gold deposit delivering wide, high-grade gold-equivalent intercepts and confirming the system remains open along strike and at depth after more than two decades without modern exploration. Maiden drilling also commenced at the nearby Dam and Mandamah deposits, with subsequent assays from Dam returning long intervals of consistent gold-equivalent grades, while metallurgical sampling was initiated and further assay results are pending; together with a heavily oversubscribed A$15.4m institutional placement that leaves the company with about A$20m in cash, the program positions Linq to accelerate drilling across the Southern and Central zones of the project and potentially enhance the scale and quality of its gold-copper resource base.
The most recent analyst rating on (AU:LNQ) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Linq Minerals Limited stock, see the AU:LNQ Stock Forecast page.
More about Linq Minerals Limited
Linq Minerals Limited is an Australian mineral exploration company focused on gold and copper, with its flagship Gilmore Gold-Copper Project in New South Wales. The company is advancing multiple deposits within this project, including Gidginbung, Dam and Mandamah, targeting extensions of known mineralisation and higher-grade zones to support potential future development.
Average Trading Volume: 788,125
Technical Sentiment Signal: Strong Buy
For a thorough assessment of LNQ stock, go to TipRanks’ Stock Analysis page.