Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Redstone Resources Limited ( (AU:RDS) ) has provided an update.
Redstone Resources has confirmed multiple new high-grade copper intersections in deep diamond drill hole TLD005 beneath its Tollu copper deposit, including mineralisation over 400 metres deeper and 130 metres south of previously known zones, along with widespread lower-grade copper that suggests a much larger mineralising system. Geochemical results, indicating cobalt in sulphide form and a strong association with an underlying gabbro, support the potential for a Voisey’s Bay-style magmatic Cu-Ni-Co-PGE system across the project area, while recent EIS co-funding grants and additional capital from an R&D tax incentive and private placement strengthen Redstone’s financial position to pursue further RC and diamond drilling of several high-priority targets.
The most recent analyst rating on (AU:RDS) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Redstone Resources Limited stock, see the AU:RDS Stock Forecast page.
More about Redstone Resources Limited
Redstone Resources Limited is an ASX-listed exploration company focused on the West Musgrave Copper Project in Western Australia, where it is targeting copper, nickel, cobalt and associated platinum group element mineralisation. Its flagship Tollu copper deposit lies within a highly prospective region that also hosts major magmatic sulphide deposits such as Nebo-Babel, positioning the company within an emerging copper-nickel-cobalt mining district.
Current Market Cap: A$4.92M
See more insights into RDS stock on TipRanks’ Stock Analysis page.