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Summit Minerals Limited ( (AU:SUM) ) has provided an announcement.
Summit Minerals has commenced a low-altitude UAV aeromagnetic survey at its recently acquired Keystone Project in northern Nevada, engaging Pioneer Exploration Consultants to fly 210 line-kilometres over the Keystone Main, Marble Rock and 599 prospects. The high‑resolution magnetic data, now being processed with results expected in about three weeks, will underpin the first significant exploration work at Keystone since mining ceased in 1943 and is intended to refine structural targets for a preliminary drilling campaign planned for early 2026, marking a key step in building a modern geological model and potentially revitalising this historic mining area.
The most recent analyst rating on (AU:SUM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Summit Minerals Limited stock, see the AU:SUM Stock Forecast page.
More about Summit Minerals Limited
Summit Minerals Limited is an ASX-listed mineral exploration company focused on discovering and developing metallic-sulphide and other mineral deposits. The company’s portfolio includes the Keystone Project in northern Nevada, USA, where it is targeting structurally controlled, vein-hosted mineralisation in an historically mined district.
Average Trading Volume: 418,409
Technical Sentiment Signal: Hold
For detailed information about SUM stock, go to TipRanks’ Stock Analysis page.