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MetalsTech Ltd ( (AU:MTC) ) has provided an update.
MetalsTech has released an investor presentation outlining the progress and development pathway for its Sturec Gold Project, reaffirming previously disclosed resource estimates and an updated Scoping Study. The company notes it is relying on prior market announcements and confirms there is no new material information affecting its mineral resource or reserve estimates, but highlights that development of Sturec will likely require about US$75.8 million in additional funding and may involve options such as equity raising, project sale, partial sale, or joint venture, all of which could affect existing shareholders’ ownership and the company’s capital structure.
The most recent analyst rating on (AU:MTC) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on MetalsTech Ltd stock, see the AU:MTC Stock Forecast page.
More about MetalsTech Ltd
MetalsTech Ltd is an ASX-listed resources company focused on the development of the Sturec Gold Project, which hosts an estimated 2.7 million ounces of gold and 22.2 million ounces of silver. The company is advancing this precious metals project towards development, targeting the gold and silver mining sector with a focus on progressing studies and securing funding for project execution.
Average Trading Volume: 182,122
Technical Sentiment Signal: Buy
Current Market Cap: A$62.2M
For an in-depth examination of MTC stock, go to TipRanks’ Overview page.