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An announcement from Rafaella Resources Ltd. ( (AU:PVT) ) is now available.
Pivotal Metals will shortly begin its first drilling campaign at the Belleterre projects in Québec, launching a 1,500-metre diamond program at the Midrim area to test multiple newly defined, high-priority copper-nickel-PGM targets. The work will initially focus on undrilled conductors at Alotta and Midrim East, with drilling at the Lorraine area to follow once permits are finalised.
Backed by A$5.5 million in cash, the company has flexibility to extend or expand the program depending on results, positioning Belleterre as a potential high-grade copper discovery alongside the more advanced Horden Lake asset. Management argues that success in this first systematic test of undrilled conductors in a proven high-grade district could materially enhance Belleterre’s scale and broaden the company’s growth options in a Tier-1 Canadian mining jurisdiction.
The most recent analyst rating on (AU:PVT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rafaella Resources Ltd. stock, see the AU:PVT Stock Forecast page.
More about Rafaella Resources Ltd.
Pivotal Metals Ltd. is an Australian-listed exploration and development company focused on high-grade copper, nickel, gold and PGM projects in Québec, Canada. Its portfolio includes the Belleterre greenstone belt, hosting the Midrim and Lorraine project areas, and the more advanced Horden Lake copper project, where a substantial shallow copper-equivalent resource has been defined.
Average Trading Volume: 6,029,101
Technical Sentiment Signal: Buy
Current Market Cap: A$24.91M
See more insights into PVT stock on TipRanks’ Stock Analysis page.