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Lithium Energy Ltd. ( (AU:LEL) ) has shared an update.
Lithium Energy has identified a potential porphyry-style copper-molybdenum mineralised system at its Bajool Prospect within the Capricorn Gold-Copper Belt Project in central Queensland, based on results from 3D Direct Current Induced Polarisation and Magnetotelluric geophysical surveys co-funded by the Queensland Government’s Collaborative Exploration Initiative. These deeper-penetrating surveys delineated numerous coincident anomalies within the Bajool Intrusive Complex, interpreted as a largely untested and well-preserved porphyry system that builds on historical drill intercepts at the nearby Limonite Hill occurrence, and the company plans to commence targeted drilling to test primary and secondary anomalies, potentially enhancing the project’s exploration significance and future copper-molybdenum resource potential.
The most recent analyst rating on (AU:LEL) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on Lithium Energy Ltd. stock, see the AU:LEL Stock Forecast page.
More about Lithium Energy Ltd.
Lithium Energy Limited (ASX: LEL) is an Australian exploration company focused on battery and base metals, including copper and molybdenum, with projects in Queensland such as the Capricorn Gold-Copper Belt Project. The company targets large-scale mineral systems, using modern geophysical techniques to identify and advance prospective intrusive complexes and porphyry-style deposits.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$41.44M
For detailed information about LEL stock, go to TipRanks’ Stock Analysis page.