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The latest update is out from Rincon Resources Ltd. ( (AU:RCR) ).
Rincon Resources has secured all necessary permits for its next drilling campaign at the wholly owned Telfer South – Hasties Project, covering the Hasties Main and Hasties South-East gold-copper deposits near the Telfer mine in Western Australia. With the recent farm-in and joint venture over surrounding tenements now finalised with Greatland Resources, Rincon can focus on Hasties, where it plans to mobilise a rig later this quarter to grow the existing mineral resource, test historic anomalies first outlined by Newmont and Newcrest, and incorporate results from late-2025 drilling into a revised mineral resource estimate targeted for release by the end of the first quarter, potentially enhancing the project’s scale and value for shareholders.
The most recent analyst rating on (AU:RCR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rincon Resources Ltd. stock, see the AU:RCR Stock Forecast page.
More about Rincon Resources Ltd.
Rincon Resources Ltd (ASX:RCR) is an Australian mineral exploration company focused on gold and copper, with key assets in Western Australia’s Eastern Pilbara region. Its Telfer South – Hasties Project, located about 10km south of the major Telfer gold-copper mine, targets structurally hosted gold-copper mineralisation across a cluster of exploration and prospecting licences, where the company is working to define and expand its resource base in a well-endowed mining district.
Average Trading Volume: 1,684,441
Technical Sentiment Signal: Hold
Current Market Cap: A$5.36M
See more insights into RCR stock on TipRanks’ Stock Analysis page.