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R3D Resources Limited ( (AU:TAT) ) just unveiled an update.
R3D Resources, via Tartana Minerals, has reported rock chip assay results from the Cardross project and surrounding ground (EPM 27735) that confirm high-grade copper, silver, indium and tungsten occurrences associated with its 502,000-ounce inferred gold resource. The assays, which include peak values of 11.4 g/t gold, 954 g/t silver, 13.3% copper and 95 g/t indium across multiple prospects, support the potential for valuable by-product credits and indicate multiple structurally controlled mineralised zones beyond the existing resource and exploration target. These results will guide targeted and scout drilling aimed at increasing and upgrading the current inferred resource and testing additional prospects such as Niugini Ridge, Spaniard and Argosy, potentially enhancing project economics and strengthening the company’s position in polymetallic exploration in the Chillagoe region.
The most recent analyst rating on (AU:TAT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on R3D Resources Limited stock, see the AU:TAT Stock Forecast page.
More about R3D Resources Limited
R3D Resources Limited, through its subsidiary Tartana Minerals, is a mineral exploration and development company focused on polymetallic projects in the Chillagoe district of Far North Queensland, Australia. Its Cardross project targets copper-gold-silver mineralisation with potential critical metal by-products such as indium, leveraging a sizeable inferred gold resource and surrounding highly prospective ground near existing processing infrastructure.
Average Trading Volume: 103,343
Technical Sentiment Signal: Hold
Current Market Cap: A$11.78M
For a thorough assessment of TAT stock, go to TipRanks’ Stock Analysis page.