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
Octava Minerals Ltd. ( (AU:OCT) ) has shared an announcement.
Octava Minerals has begun its maiden air core drilling campaign at the Byro Critical Minerals Project in Western Australia’s Gascoyne region, launching an 1,100-metre program over a 10km by 8km area to test Permian black shales that host rare earth elements, lithium and vanadium. The campaign follows strong bioleaching test results from CSIRO and BiotaTec that delivered high recoveries of these metals using microbes, bolstering the case for a large, environmentally sustainable heap leach operation at Byro and providing fresh material to refine the process and define an exploration target, potentially enhancing Octava’s position in the critical minerals sector if substantial in-situ tonnages are confirmed.
The most recent analyst rating on (AU:OCT) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Octava Minerals Ltd. stock, see the AU:OCT Stock Forecast page.
More about Octava Minerals Ltd.
Octava Minerals Ltd (ASX:OCT) is an Australian-focused explorer targeting critical minerals across several Western Australian projects, including copper, zinc and silver at Federation, rare earth elements and lithium at Byro, antimony, gold and nickel at Yallalong, and nickel and platinum group metals in the East Kimberley. The company is positioning itself in the growing critical minerals supply chain, with projects located near existing infrastructure and within established Native Title agreements, supporting potential future development and export options.
Average Trading Volume: 582,121
Technical Sentiment Signal: Buy
Current Market Cap: A$8.99M
See more data about OCT stock on TipRanks’ Stock Analysis page.