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Octava Minerals Ltd. ( (AU:OCT) ) has issued an update.
Octava Minerals reported a busy December quarter, highlighted by the first diamond drilling in nearly 50 years at the high-grade, polymetallic Sweeney’s prospect within its Federation project in Tasmania, where re-sampling of outcropping mineralisation returned very high-grade indium alongside strong copper, zinc, silver and tin values. Electromagnetic survey work at Sweeney’s confirmed strong conductance and continuity of sulphide mineralisation, supporting EM as an effective targeting tool in the granite host rocks and underpinning plans for a broader survey, while the company also completed a $1.5 million placement to sophisticated investors and, shortly after quarter-end, launched an air-core drilling program at its Byro Critical Minerals Project to size up the resource potential and secure more material for larger-scale bioleaching testwork, signalling an acceleration of its critical minerals exploration strategy.
The most recent analyst rating on (AU:OCT) stock is a Hold with a A$0.07 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 exploration company focused on critical and base metals across Western Australia and Tasmania. Its portfolio includes the Federation copper-zinc-silver-tin project in western Tasmania, the Byro rare earths and lithium project in the Gascoyne region, the Yallalong antimony project in the Midwest, and the East Kimberley nickel and PGM project under a farm-in joint venture with Future Metals NL.
Average Trading Volume: 605,232
Technical Sentiment Signal: Buy
Current Market Cap: A$8.55M
Find detailed analytics on OCT stock on TipRanks’ Stock Analysis page.