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An update from OzAurum Resources Ltd. ( (AU:OZM) ) is now available.
OzAurum Resources has corrected a typographical error in its previously disclosed Mineral Resource table for the Mulgabbie Project, confirming that the grade of the global Inferred Mineral Resource is 0.64 grams per tonne of gold. The company emphasised that all other reported figures for tonnes, grades and ounces remain accurate, reaffirming the validity of its July 2023 Mulgabbie North resource estimate and indicating no material change to the underlying technical or geological assumptions.
The updated table shows total measured, indicated and inferred resources at Mulgabbie North of 11.64 million tonnes at 0.70 grams per tonne for 260,000 ounces of gold, reported at a 0.30 grams per tonne cut-off to 150 metres depth. By promptly correcting the disclosure while confirming its broader resource position is unchanged, OzAurum seeks to maintain compliance with JORC reporting standards and preserve market confidence in the reliability of its exploration data and resource statements.
The most recent analyst rating on (AU:OZM) stock is a Hold with a A$0.08 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 listed on the ASX and focused on advancing its Mulgabbie North Gold Deposit in Western Australia. The company is targeting near-surface gold resources reported under the 2012 JORC Code, positioning itself within the competitive Kalgoorlie gold mining region.
Average Trading Volume: 1,595,423
Technical Sentiment Signal: Buy
Current Market Cap: A$23.46M
For detailed information about OZM stock, go to TipRanks’ Stock Analysis page.