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NewPeak Metals Ltd. ( (AU:NPM) ) has provided an update.
NewPeak Metals has commenced a diamond drilling program at its Tansey Gold Project in southeast Queensland, launching four planned drill holes totaling about 1,200 metres to test for extensions of high-grade gold mineralisation beneath and adjacent to the historic South Burnett Gold Mine. Funded from existing cash, the three-week program aims to both extend known mineralisation and better characterise the deposit to guide future targeting, while management positions Tansey, upcoming drilling at Las Opeñas in Argentina, and its equity stake in Lakes Blue Energy as key potential value drivers for 2026, underscoring a year of intensified exploration activity and leveraged exposure to gas market developments.
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 ASX-listed mineral exploration company focused on discovering and advancing high-grade, large-scale gold projects, with key interests including the Tansey Gold Project in southeast Queensland and the Las Opeñas gold project in Argentina. The company also holds an investment in ASX-listed Lakes Blue Energy NL, providing exposure to potential natural gas developments in Australia’s East Coast Gas Market.
Average Trading Volume: 684,873
Technical Sentiment Signal: Sell
Current Market Cap: A$9.22M
See more insights into NPM stock on TipRanks’ Stock Analysis page.