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
NewPeak Metals Ltd. ( (AU:NPM) ) has issued an update.
NewPeak Metals has commenced a diamond drilling program at its Tansey Gold Project in southeast Queensland, where it is testing for high-grade, large-scale gold mineralisation adjacent to and beneath the historic South Burnett Gold Mine, which was only mined to around 80 metres depth in the 1940s and remains largely untested at depth. The drill campaign, funded from existing cash reserves of $2.49 million and supported by an equity stake in Lakes Blue Energy, is expected to run for about three weeks with assay results anticipated after a further 6–8 weeks, while approvals for deeper, broader drilling at its 100%-owned Las Opeñas Gold Project in Argentina remain on track for the first half of 2026, underscoring the company’s focus on advancing two potentially significant gold assets in parallel.
The most recent analyst rating on (AU:NPM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on NewPeak Metals Ltd. stock, see the AU:NPM Stock Forecast page.
More about NewPeak Metals Ltd.
NewPeak Metals Limited is an exploration-focused mining company with a portfolio of gold projects, including the 100%-owned Tansey Gold Project in southeast Queensland, Australia, and the Las Opeñas Gold Project in San Juan Province, Argentina. The company targets high-grade, large-scale epithermal gold mineralisation, positioning itself in established mining jurisdictions and near historic underground gold operations.
Average Trading Volume: 837,962
Technical Sentiment Signal: Sell
Current Market Cap: A$8.89M
For detailed information about NPM stock, go to TipRanks’ Stock Analysis page.