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Uvre Ltd. ( (AU:MEX) ) has shared an update.
Minerals Exploration Limited has launched a maiden 3,000m diamond drilling campaign at its flagship Waitekauri Gold Project on New Zealand’s North Island, initially completing three holes at the Scotia prospect before moving the rig to the historic high-grade Jubilee mine, located along strike from OceanaGold’s 2.2Moz WKP deposit and just 8km from the Waihi mine. The quarter also saw MEX secure a dual listing on the NZX main board with strong local trading, advance its Otago portfolio with the grant of the Invincible prospecting permit and high-grade rock chip results at the Golden Progress mine, rebrand under its new name and leadership, and underline its funding position to sustain an active exploration program that could materially reshape its New Zealand resource base if drilling results prove successful.
The most recent analyst rating on (AU:MEX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Uvre Ltd. stock, see the AU:MEX Stock Forecast page.
More about Uvre Ltd.
Minerals Exploration Limited (MEX), dual listed on the ASX and NZX, is a gold-focused explorer operating primarily in New Zealand, targeting brownfields epithermal gold systems in the Hauraki and Otago goldfields. Its flagship Waitekauri Gold Project sits near OceanaGold’s Waihi operations within a major gold-mineralised structural corridor, and the company also holds interests in other historical gold and tungsten prospects such as Invincible and Golden Progress, with a cash balance of about A$4.5m at the end of December 2025.
Average Trading Volume: 291,456
Technical Sentiment Signal: Buy
Find detailed analytics on MEX stock on TipRanks’ Stock Analysis page.