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Firetail Resources Limited ( (AU:M79) ) has shared an update.
Mammoth Minerals has completed the divestment of its non-core Paterson Copper-Gold Project in Western Australia, selling a 90% interest to Cloudbreak Discovery PLC in exchange for staged share-based consideration. The move is intended to streamline the portfolio and redirect resources toward its flagship Excelsior Springs Gold-Silver Project in Nevada, enhancing strategic focus on U.S. precious metals.
At Excelsior Springs, Mammoth is rapidly advancing a Reverse Circulation drilling campaign along the Buster Trend, with 11 holes totaling 1,471m already completed and assays expected within weeks. The program, which will complete a planned 10,000m campaign, targets extensions of previously reported high-grade gold zones and is aimed at underpinning an initial mineral resource, potentially strengthening the company’s resource base and growth prospects.
The most recent analyst rating on (AU:M79) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Firetail Resources Limited stock, see the AU:M79 Stock Forecast page.
More about Firetail Resources Limited
Mammoth Minerals Limited is an ASX-listed mineral exploration company focused on gold and silver, with its primary activities now concentrated on the Excelsior Springs Gold-Silver Project in Nevada, USA. The company is repositioning its portfolio away from non-core Australian assets to become a dedicated North American precious metals explorer and developer.
Average Trading Volume: 581,367
Technical Sentiment Signal: Sell
Current Market Cap: A$43.6M
Learn more about M79 stock on TipRanks’ Stock Analysis page.