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The latest announcement is out from SensOre Ltd ( (AU:PLC) ).
Premier1 Lithium has reported a significant expansion of a gold-in-soil anomaly at the Rochefort Prospect within its Abbotts North Project in Western Australia, where infill sampling increased the anomaly to roughly 350m by 350m and lifted peak gold values to 30 parts per billion, supported by high-grade rock chip results and favourable quartz dolerite geology comparable to major Yilgarn Craton deposits. The company also completed an oversubscribed renounceable entitlement offer and a follow-on placement raising about $2.17 million before costs to fund drilling at Yalgoo and Abbotts North, geophysics, heritage surveys and working capital, while implementing board and management changes aimed at sharpening its focus on gold and copper exploration and reinforcing governance as it advances its exploration portfolio near producing regional gold deposits.
The most recent analyst rating on (AU:PLC) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on SensOre Ltd stock, see the AU:PLC Stock Forecast page.
More about SensOre Ltd
Premier1 Lithium Limited (ASX: PLC) is an Australian exploration company focused on gold and copper projects, with key assets including the Abbotts North and Yalgoo projects in Western Australia. The company is shifting emphasis toward precious and base metals, supported by a strengthened board and management team with experienced mining executives to enhance corporate governance and drive its exploration strategy.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
See more insights into PLC stock on TipRanks’ Stock Analysis page.