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The latest announcement is out from Sunstone Metals Limited ( (AU:STM) ).
Sunstone Metals has reported high-grade trenching results from the Porotillo porphyry system at its Bramaderos gold-copper project in southern Ecuador, confirming extensive surface mineralisation and reinforcing the potential to expand its existing 3.6Moz gold-equivalent resource. The Porotillo and adjacent Copete porphyry systems together host a conceptual exploration target of 135–180 million tonnes at 0.25–0.40 g/t AuEq, or 1.7–3.5Moz AuEq, and upcoming drilling at Copete, Melonal and Porotillo is aimed at converting this target into mineral resources, while a scoping study now under way on the Brama-Alba-Melonal area, supported by metallurgical testwork in Canada, is expected to underpin the economic case for a major phase of resource growth at Bramaderos in 2026.
The most recent analyst rating on (AU:STM) stock is a Hold with a A$0.02 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 ASX-listed mineral exploration company focused on gold-copper porphyry systems, with its flagship Bramaderos Project located in southern Ecuador. The company is advancing a 3.6 million ounce gold-equivalent mineral resource across a cluster of deposits including Brama-Alba, Melonal, Copete and Porotillo, and is targeting further resource growth through drilling and ongoing technical studies.
YTD Price Performance: -10.0%
Average Trading Volume: 14,663,802
Technical Sentiment Signal: Sell
Current Market Cap: A$122.3M
Find detailed analytics on STM stock on TipRanks’ Stock Analysis page.