Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Megado Gold Ltd. ( (AU:MEG) ) has provided an announcement.
Megado Minerals has reported high-grade rock chip assay results from its Iberian Copper Project in northern Spain, with multiple samples returning more than 5% copper and 100 grams per tonne of silver from historic mines and along strike in the host sedimentary sequence. The mineralisation has been traced over a seven-kilometre strike length near the historic Mina Emilia workings, underscoring the potential scale of sedimentary-hosted copper-silver systems in the region.
The company has completed a high-resolution aeromagnetic survey to help define structures controlling the mineralisation and is awaiting results to refine its geological model. A maiden drilling campaign is planned to begin in the second quarter of calendar 2026, marking a key step in testing the project’s exploration concept and potentially reshaping Megado’s growth pipeline if significant resources are confirmed.
The most recent analyst rating on (AU:MEG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Megado Gold Ltd. stock, see the AU:MEG Stock Forecast page.
More about Megado Gold Ltd.
Megado Minerals Limited is an Australia-based mineral exploration company listed on the ASX that focuses on identifying and developing base and precious metal deposits. The company is currently advancing its Iberian Copper Project in northern Spain, targeting sedimentary-hosted copper and silver mineralisation across a large package of investigation and exploration permits.
Average Trading Volume: 1,412,419
Technical Sentiment Signal: Buy
Current Market Cap: A$18.72M
For a thorough assessment of MEG stock, go to TipRanks’ Stock Analysis page.