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An announcement from Allup Silica Ltd. ( (AU:MML) ) is now available.
McLaren Minerals has reported high-grade heavy mineral results from its recently acquired Barossa Project in the eastern Eucla Basin, following an initial review of historical drilling data. The project sits in a proven zircon province near Iluka Resources’ Jacinth–Ambrosia mine, with Barossa hosting an average 4.6% heavy mineral grade across the prospect areas and a valuable assemblage of roughly 16% zircon, 60% ilmenite and 2% rutile.
A total of 583 holes have been drilled at Barossa to date, revealing multiple high-grade intersections exceeding 10% heavy minerals at the Mojave, Kalahari and Gobi prospects and indicating clear scope for extensional and follow-up drilling. The acquisition materially expands McLaren’s footprint in the Eucla Basin and underpins its strategy to grow a large titanium and zircon-rich mineral sands platform, with follow-up exploration programs already being planned for 2026 to advance the project’s development potential.
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 sands exploration company focused on heavy mineral deposits in the Eucla Basin of South Australia. The company is targeting zircon- and titanium-rich systems, aiming to build a portfolio of projects in proven mining jurisdictions with strong regional geological validation.
Average Trading Volume: 2,283,019
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.85M
See more data about MML stock on TipRanks’ Stock Analysis page.