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Allup Silica Ltd. ( (AU:MML) ) has provided an announcement.
McLaren Minerals has identified a district-scale, roughly 54 km zircon-rich mineral sands corridor with rare earth element potential at its Barossa Project in South Australia, following a technical review of historical exploration data. The system, interpreted as stacked coastal strandline deposits along the Barton palaeo-shoreline, contains zircon, rutile, monazite, ilmenite and leucoxene.
Historic drilling and modelling at the Mojave, Kalahari and Gobi prospects confirm multiple mineralised centres and extensive heavy mineral mineralisation above a 1% HM threshold, with higher-grade strandline cores. The widely spaced historical drilling suggests significant scope to increase geological confidence and define mineral resources through infill drilling, potentially enhancing McLaren’s scale and positioning in the Eucla Basin mineral sands sector.
The most recent analyst rating on (AU:MML) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Allup Silica Ltd. stock, see the AU:MML Stock Forecast page.
More about Allup Silica Ltd.
McLaren Minerals Limited is an Australian mineral exploration company focused on mineral sands within the Eucla Basin, a globally significant zircon-bearing province. The company’s portfolio includes the McLaren titanium project and the recently acquired Barossa Project in South Australia, targeting zircon, rutile, monazite and associated heavy mineral deposits.
Average Trading Volume: 2,167,886
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.05M
Find detailed analytics on MML stock on TipRanks’ Stock Analysis page.