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An update from CSMall Group Limited ( (HK:1815) ) is now available.
Mount Everest Gold Group has reported significant progress at its Tibetan mining projects, with its subsidiary Tibet Longtianyong successfully renewing and upgrading the exploration licence for the Lhoka Mine. The licence is now valid until 16 July 2027, the exploration phase has been advanced from general to detailed exploration, and the exploration area has been adjusted from 28.88 km² to 22.86 km², marking a transition toward more intensive resource evaluation. In parallel, the group’s Lhoka and Shigatse projects have each engaged Zijin Mining Group Southwest Geological Exploration Co., Ltd., a subsidiary of Hong Kong–listed Zijin Mining Group, under service agreements worth RMB7.5 million and RMB9.8 million respectively, to conduct comprehensive geological exploration and technical work through the end of 2026. These moves are intended to accelerate systematic geological assessment and support future mine development, underscoring the company’s commitment to advancing its Tibetan assets and potentially enhancing its long-term resource and production profile.
The most recent analyst rating on (HK:1815) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on CSMall Group Limited stock, see the HK:1815 Stock Forecast page.
More about CSMall Group Limited
Mount Everest Gold Group Company Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the mining and mineral exploration industry, focusing on the development of gold and other mineral resources. Through subsidiaries and equity interests, the group is expanding its portfolio of exploration assets in Tibet, including projects in Lhoka and Shigatse, positioning itself to grow its resource base in mainland China’s mining sector.
Average Trading Volume: 11,780,790
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.95B
See more data about 1815 stock on TipRanks’ Stock Analysis page.