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Peel Mining Limited ( (AU:PEX) ) has provided an announcement.
Red Hill Minerals Limited has completed an Induced Polarisation survey at its Anabama Project in South Australia, revealing a four-kilometer strike potential along the Anabama-Redan Shear Zone. The survey results indicate significant chargeability and resistivity anomalism, suggesting promising copper-gold mineralization, with further drilling planned following the finalization of a Native Title Agreement.
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
Red Hill Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the exploration of copper, gold, and uranium, with a significant project located in South Australia.
YTD Price Performance: -45.00%
Average Trading Volume: 456,070
Technical Sentiment Signal: Sell
Current Market Cap: A$38.35M
See more insights into PEX stock on TipRanks’ Stock Analysis page.