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An announcement from Allup Silica Ltd. ( (AU:MML) ) is now available.
McLaren Minerals Limited has begun a 13,000-metre drilling campaign at its McLaren Titanium Project in Western Australia, marking the first formal step of a bankable feasibility study. The program is designed to upgrade large portions of the existing resource from Indicated to Measured, convert selected Inferred material to Indicated, and extend the known resource along strike to the south.
The drilling will also test the eastern Shoreline Target and mineralisation at depth, seeking to confirm a high-grade lens identified in last year’s program. Results from this structured campaign are expected to support an updated mineral resource estimate, enable calculation of a maiden ore reserve, and provide key data to refine the project’s development strategy.
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 resources company focused on developing the McLaren Titanium Project in Western Australia. The company is advancing its titanium deposit through staged drilling and resource definition work, aiming to upgrade its mineral resource classification and ultimately support a bankable feasibility study for potential project development.
Average Trading Volume: 2,338,043
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.25M
Find detailed analytics on MML stock on TipRanks’ Stock Analysis page.