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The latest update is out from Peel Mining Limited ( (AU:PEX) ).
Peel Mining Limited has completed diamond drilling for metallurgical testwork at the Wagga Tank as part of its South Cobar Project, with results expected next quarter. The company has also identified a promising gold target at the Nombinnie prospect, supported by historical drilling results, and has received regulatory approvals for further drilling. Additionally, encouraging survey results at the Anabama copper-gold target have been reported, with a Native Title Agreement executed, paving the way for further exploration.
The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.
More about Peel Mining Limited
Peel Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company primarily engages in the exploration of copper, gold, and other base metals, with a significant emphasis on projects located in Australia.
Average Trading Volume: 453,618
Technical Sentiment Signal: Sell
Current Market Cap: A$37.77M
Learn more about PEX stock on TipRanks’ Stock Analysis page.