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An announcement from North Stawell Minerals, Ltd. ( (AU:NSM) ) is now available.
North Stawell Minerals has launched a 2,000-2,500 metre air core drilling campaign at its Caledonia and Darlington projects in Victoria, using local contractor AMWD, which has prior experience in the Stawell Zone. The work is centred on expanding known mineralisation along the 3.6 km Darlington-Caledonia trend, which remains the company’s core exploration focus into 2026.
At Darlington, the program will test beneath and along strike from shallow, high-grade gold intercepts identified in 2025 diamond drilling, where a new zone parallel to the historic Darlington Mine trend remains open in all directions. At Caledonia, drilling will follow up on recent soil geochemistry that outlined anomalous gold consistent with the broader trend, with both prospects interpreted as analogues to the high-grade Mariners lodes near the Stawell Mine, underscoring the potential for significant resource growth.
The most recent analyst rating on (AU:NSM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on North Stawell Minerals, Ltd. stock, see the AU:NSM Stock Forecast page.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd is an Australian gold exploration company focused on the Stawell Zone in Victoria, targeting high-grade gold systems similar to historic mines in the region. The company’s key prospects include the Darlington and Caledonia projects along a 3.6 km mineralised trend north of the Stawell Mine.
Average Trading Volume: 149,629
Technical Sentiment Signal: Sell
Current Market Cap: A$10.83M
See more insights into NSM stock on TipRanks’ Stock Analysis page.