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Sandfire Resources Limited ( (AU:SFR) ) has shared an update.
Sandfire Resources Limited has announced successful exploration drilling results at its Black Butte Copper Project in Montana, USA, confirming the extension of high-grade mineralization in the Johnny Lee Lower Copper Zone. The completed 2024-2025 drilling program, which included 41 drill holes, aims to upgrade and expand the current resource estimates. The results will support a revised Mineral Resource and Ore Reserve estimate expected by December 2025, aiding Sandfire in defining its optimal strategy for the project’s development.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$9.25 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
More about Sandfire Resources Limited
Sandfire Resources Limited operates in the mining industry, focusing on the exploration and development of copper resources. The company holds an 87% equity stake in Sandfire Resources America Inc., which owns the Black Butte Copper Project in Montana, USA. This project is strategically located near infrastructure and aims to provide economic benefits while minimizing environmental impact.
Average Trading Volume: 1,740,724
Technical Sentiment Signal: Buy
Current Market Cap: A$5.07B
For a thorough assessment of SFR stock, go to TipRanks’ Stock Analysis page.