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The latest announcement is out from OzAurum Resources Ltd. ( (AU:OZM) ).
OzAurum Resources has reported the first assay results from a 91-hole reverse circulation grade control drilling program at the proposed James Stage 1 open pit within its Mulgabbie North Gold Project, with the initial 45 holes confirming consistent, shallow, high-grade gold mineralisation and strong grade continuity. Together with encouraging preliminary heap leach metallurgical testwork showing rapid gold recoveries and progress on permitting for a Stage 1 small-scale heap leach operation, the results materially de-risk the initial open pit design and support OzAurum’s push toward near-term, low-cost gold production, potentially strengthening its position among emerging gold producers in the Eastern Goldfields.
The most recent analyst rating on (AU:OZM) stock is a Hold with a A$0.06 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 advancing its Mulgabbie North Gold Project in Western Australia’s Eastern Goldfields. The company is targeting near-term, low-cost production through shallow open pit mining and simple heap leach processing to capitalise on shallow high-grade gold mineralisation.
Average Trading Volume: 476,295
Technical Sentiment Signal: Sell
Current Market Cap: A$13.52M
For an in-depth examination of OZM stock, go to TipRanks’ Overview page.