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Sunstone Metals Limited ( (AU:STM) ) has shared an announcement.
Sunstone Metals Limited has successfully completed a significant surface sampling program at its Bramaderos Gold-Copper Project in Ecuador, targeting an upgrade of the 2.7Moz AuEq mineral resource. This initiative is part of a broader strategy to prepare for a scoping study and expand the known mineralized areas, potentially linking the Brama-Alba and Melonal porphyry systems. The company is optimistic about the project’s economics, driven by rising gold prices and the possibility of contiguous porphyry systems at Copete and Porotillo, which could enhance resource growth and project viability.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Sunstone Metals Limited stock, see the AU:STM Stock Forecast page.
More about Sunstone Metals Limited
Sunstone Metals Limited is an Australian-based company engaged in the exploration and development of mineral resources, primarily focusing on gold and copper projects. The company is actively working on the Bramaderos Gold-Copper Project in southern Ecuador, aiming to enhance its mineral resource base and explore the potential of porphyry systems.
YTD Price Performance: 120.0%
Average Trading Volume: 9,803,888
Technical Sentiment Signal: Hold
Current Market Cap: A$142.5M
For a thorough assessment of STM stock, go to TipRanks’ Stock Analysis page.