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OzAurum Resources Ltd. ( (AU:OZM) ) just unveiled an update.
OzAurum Resources has reported a second batch of strong, shallow high-grade gold intercepts from reverse circulation grade control drilling at the James Stage 1 open pit within its Mulgabbie North project, confirming consistent mineralisation and increasing confidence in the planned open pit and heap leach operation. The results demonstrate a high-grade core within a broader mineralised envelope that is expected to reduce ore loss and dilution during mining, while significant mineralisation extending below the current Stage 1 pit design suggests potential for a Stage 2 pit expansion and additional upside for the company’s near-term development strategy.
The most recent analyst rating on (AU:OZM) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on OzAurum Resources Ltd. stock, see the AU:OZM Stock Forecast page.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is an Australian gold exploration and development company focused on its Mulgabbie North Gold Project in the Eastern Goldfields of Western Australia. The project lies within the Relief Shear gold corridor near the Carosue Dam mining district, positioning the company in a well-established gold-producing region with potential for open pit and heap leach operations.
Average Trading Volume: 593,497
Technical Sentiment Signal: Hold
Current Market Cap: A$16.5M
Find detailed analytics on OZM stock on TipRanks’ Stock Analysis page.