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The latest announcement is out from Peel Mining Limited ( (AU:PEX) ).
Red Hill Minerals Limited, operating in the mining industry, has announced the start of a 4,300-metre diamond drilling program at its Broken Hill Project in New South Wales. This initiative targets base metal and copper-gold mineralization in the Curnamona Province, one of Australia’s most mineral-rich areas. The program involves six drill holes across four target areas to explore potential mineralization types, including Broken Hill Type, Iron Oxide Copper Gold, and stratabound polymetallic mineralization. The successful execution of this program could enhance Red Hill’s exploration capabilities and strengthen its position in the mining sector.
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
YTD Price Performance: -45.83%
Average Trading Volume: 223,147
Technical Sentiment Signal: Sell
Current Market Cap: A$37.77M
For a thorough assessment of PEX stock, go to TipRanks’ Stock Analysis page.