Reward Minerals boosts Copper Lance prospectivity with high-grade assays and new targets

Reward Minerals Limited ( (AU:RWD) ) just unveiled an update.

Reward Minerals has reported encouraging early exploration results from its Copper Lance Project in Newfoundland, with rock chip assays returning up to 29% copper at the Hinds Lake Spillway prospect. The project sits within a major VMS belt and benefits from road access and proximity to the town of Deer Lake, underscoring its logistical advantages for continued work.

New soil sampling has delineated multiple high-priority copper-gold targets aligned with an 8km magnetic trend between the Hinds Brook North and Conical Hill prospects. The identification of anomalous copper coincident with discrete magnetic and EM anomalies, including previously unexplored targets to the southeast, significantly expands the project’s exploration pipeline and enhances its perceived prospectivity for future discoveries.

The most recent analyst rating on (AU:RWD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Reward Minerals Limited stock, see the AU:RWD Stock Forecast page.

More about Reward Minerals Limited

Reward Minerals Limited is a Perth-based critical minerals exploration and development company listed on the ASX, focusing on base and precious metals. Its 100%-owned Copper Lance Project in Newfoundland, Canada, spans 485 contiguous claims over about 71.7 square kilometres in the highly prospective Dunnage Zone, a noted province for Volcanogenic Massive Sulphide deposits hosting numerous copper, gold, silver and other base metal occurrences.

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Technical Sentiment Signal: Sell

Current Market Cap: A$11.52M

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