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An announcement from Peel Mining Limited ( (AU:PEX) ) is now available.
Peel Mining Limited has reported promising initial assay results from its Nombinnie gold prospect, with significant gold intercepts indicating the potential for a valuable shallow gold target. The company completed 20 RC drillholes, with assays from the first nine showing notable gold mineralization. Additionally, Peel has been awarded $115,000 in grants from the NSW Government’s Critical Minerals and High-Tech Metals Exploration Program, which will support further exploration across its Cobar Basin portfolio. This funding is expected to accelerate exploration efforts, potentially enhancing the company’s market position and delivering value to shareholders.
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 gold and critical minerals, with a significant focus on its Cobar Basin portfolio in New South Wales, Australia.
Average Trading Volume: 2,071,374
Technical Sentiment Signal: Buy
Current Market Cap: A$87.61M
For a thorough assessment of PEX stock, go to TipRanks’ Stock Analysis page.