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Marquee Resources Ltd ( (AU:MQR) ) just unveiled an update.
Marquee Resources has reported the first batch of assay results from its Phase 2 RC drilling program at the Mt Clement (Eastern Hills) Antimony Project, with antimony mineralisation intersected in all seven holes reported to date across the Taipan, Dugite and Gwardar zones. The program, which extends total drilling at the project to over 4,200 metres in 21 holes, has confirmed high-grade antimony intervals and, critically, delivered Marquee’s first drill intersection in the newly defined Dugite Zone, reinforcing the potential to expand its maiden antimony resource and conceptual 3–6Mt exploration target. The company has also dispatched two shipments of high-grade antimony, lead and silver ore to Yantai Jinao for metallurgical test work, and plans to update its JORC Mineral Resource Estimate once the remaining assays from Phase 2 drilling are received later in January, potentially strengthening its position in the emerging antimony supply chain.
The most recent analyst rating on (AU:MQR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Marquee Resources Ltd stock, see the AU:MQR Stock Forecast page.
More about Marquee Resources Ltd
Marquee Resources Ltd is an ASX-listed exploration company focused on the Mt Clement (Eastern Hills) Antimony/Gold Project in Western Australia. The company is targeting antimony, along with associated lead, silver and gold mineralisation, and is working to grow its maiden JORC Mineral Resource Estimate and conceptual exploration target through ongoing reverse circulation (RC) drilling campaigns.
Average Trading Volume: 4,670,741
Technical Sentiment Signal: Sell
Current Market Cap: A$6.54M
For a thorough assessment of MQR stock, go to TipRanks’ Stock Analysis page.