Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Neometals Ltd ( (AU:NMT) ) has issued an announcement.
Neometals has reported all gold assay results from recent reverse circulation drilling at the Ironclad deposit and historic Mystery mine area within its Barrambie Gold Project, confirming multiple high-grade intercepts that support the existing geological model and indicate strong northerly plunges of higher-grade mineralisation. The company is now updating the Ironclad Inferred Mineral Resource estimate and mine plan, advancing technical and environmental studies ahead of mining approvals, and planning the next phase of exploration across the Mystery and Barrambie Ranges trends, steps that reinforce Barrambie’s potential as a significant gold development alongside its titanium resource and underpin Neometals’ transition toward production, including its planned joint venture with BML Ventures.
The most recent analyst rating on (AU:NMT) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
More about Neometals Ltd
Neometals Ltd is an Australian resources company focused on developing its 100%-owned Barrambie Project in Western Australia, which hosts one of the world’s highest-grade titanium deposits and is also highly prospective for gold. Within its 505 square kilometre tenure over the Barrambie Greenstone Belt, the company is targeting multiple gold occurrences along a 40km strike, supported by historic high-grade production and an established exploration target for significant gold mineralisation.
Average Trading Volume: 613,134
Technical Sentiment Signal: Sell
Current Market Cap: A$47M
For detailed information about NMT stock, go to TipRanks’ Stock Analysis page.