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An update from MinRex Resources Limited ( (AU:MRR) ) is now available.
MinRex Resources reported that Electrum Discovery’s second-phase Audio-Magnetotelluric geophysical survey over the western portion of the Timok East Copper-Gold Project in Serbia has identified two high-conductivity zones at depths of roughly 250–550 metres, interpreted as compelling concealed porphyry-epithermal style targets beneath limestone and volcanic cover. The new AMT data, integrated into a 3D resistivity model and supported by age-dating that ties local andesites to the Timok Magmatic Complex, significantly strengthens the geological model at Timok East and underscores the strategic rationale for MinRex’s planned merger with Electrum, which is expected to accelerate exploration across Serbian copper-gold assets and enhance MinRex’s positioning as a well-capitalised explorer in a prolific copper-gold belt.
The most recent analyst rating on (AU:MRR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on MinRex Resources Limited stock, see the AU:MRR Stock Forecast page.
More about MinRex Resources Limited
MinRex Resources Limited is an ASX-listed mineral exploration company focused on copper and gold, with a growing portfolio in highly prospective districts. Through its planned merger with Canada’s Electrum Discovery Corporation, MinRex is expanding its footprint into Serbia’s Western Tethyan Magmatic Belt, targeting porphyry and epithermal copper-gold systems near existing large-scale mining operations.
Average Trading Volume: 2,756,048
Technical Sentiment Signal: Buy
Current Market Cap: A$20.61M
For detailed information about MRR stock, go to TipRanks’ Stock Analysis page.