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Megado Gold Ltd. ( (AU:MEG) ) just unveiled an update.
Megado Minerals has secured four key Investigation Permits at its Iberian Copper Project in northern Spain, expanding granted tenure to 11 out of 12 permits over 956 square kilometres and clearing the way for full-scale exploration. The permits, which encompass multiple historic copper mines and more than 50 known copper occurrences in red-bed style sedimentary rocks, strengthen the company’s strategic position in a historically productive copper district.
With the regulatory groundwork in place, Megado will launch a regional high-resolution airborne magnetic survey over the entire project area, followed by an IP/resistivity program focused on the historic Mina Emilia copper oxide-silver workings. Data from these campaigns will guide a maiden drilling program planned for the second quarter of calendar 2026, marking a transition from permit acquisition to active resource definition that could materially advance the project if results prove encouraging.
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 Australian-listed exploration company focused on base metals, with its flagship Iberian Copper Project located in northern Spain. Through an agreement to acquire 80% of Iberian Copper Pty Ltd, which fully owns Iberian Copper SL, the company is targeting sedimentary-hosted copper, including historic oxide deposits across multiple permits in Navarra and Aragón.
Average Trading Volume: 1,286,845
Technical Sentiment Signal: Buy
Current Market Cap: A$18.72M
Find detailed analytics on MEG stock on TipRanks’ Stock Analysis page.