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An update from Peel Mining Limited ( (AU:PEX) ) is now available.
Peel Mining has reported further significant gold intercepts from its recent 20-hole reverse circulation drilling program at the Nombinnie prospect in New South Wales, with results such as 15 metres at 2.52 grams per tonne gold from 15 metres and 13 metres at 1.33 grams per tonne gold from 147 metres, reinforcing Nombinnie as a highly promising and emerging gold target within its Cobar Basin portfolio. The mineralisation, interpreted as structurally controlled and open along strike and at depth, includes both shallow oxide and deeper primary zones, prompting plans for further geophysics and follow-up drilling, while work at the nearby Chuchi prospect returned only anomalous base metal geochemistry and assays from a down-dip test at May Day are still pending, shaping Peel’s broader exploration and growth strategy in the region.
The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.16 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 an Australian mineral exploration company focused on gold and base metals in New South Wales’ Cobar Basin, where it is advancing a portfolio of prospects including Nombinnie, Chuchi and May Day. The company seeks to identify and develop economically viable gold and polymetallic deposits through systematic drilling, geophysical surveys and geochemical sampling across its 100%-owned tenements.
YTD Price Performance: 6.67%
Average Trading Volume: 1,428,154
Technical Sentiment Signal: Buy
Current Market Cap: A$133.6M
See more insights into PEX stock on TipRanks’ Stock Analysis page.