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Paterson Resources ( (AU:PSL) ) just unveiled an update.
Paterson Resources has completed Phase I of its 8,500m reverse circulation drilling campaign at the Grace Gold-Copper Project, finishing 18 drill holes for about 2,500m on time and within budget, with all samples dispatched to SGS Australia in Perth for assay results expected in early February. The program is designed to extend known mineralisation, infill resource areas to upgrade the current 1.59Mt at 1.35g/t Au (69,000oz) Inferred resource to an Indicated JORC 2012 classification, and test extensions to a high-grade parallel lode, supporting the company’s goal of delivering an Indicated resource in the first half of 2026 to feed into a scoping study, while a recent rights issue raised $752,000 to fund this ongoing work and potentially advance a simple, shallow oxide processing concept at Grace.
The most recent analyst rating on (AU:PSL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Paterson Resources stock, see the AU:PSL Stock Forecast page.
More about Paterson Resources
Paterson Resources Limited is an Australian mineral exploration company focused on the Grace Gold-Copper Project in Western Australia’s Paterson Province, a highly prospective region that hosts major deposits such as the Telfer gold mine and Havieron gold-copper project. The company is primarily engaged in exploring and advancing gold and copper resources, with an emphasis on delineating JORC-compliant mineral resource estimates to support potential project development studies.
YTD Price Performance: 5.88%
Average Trading Volume: 563,291
Technical Sentiment Signal: Hold
Current Market Cap: A$19.74M
See more insights into PSL stock on TipRanks’ Stock Analysis page.