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Tennant Minerals ( (AU:TMS) ) just unveiled an update.
Tennant Minerals has delivered a maiden high-grade copper-gold Mineral Resource Estimate for the Bluebird discovery, defining 1.58 million tonnes at 3.00% copper equivalent to 180 metres depth, largely in the Indicated category, providing a solid technical base for mine planning and future development studies. The company has also launched a new diamond drilling program beneath the defined open-pit resource to extend a high-grade gold zone and generate core for metallurgical optimisation, while advancing its role in the emerging Tennant Creek Alliance, which is assessing a shared critical minerals processing facility and refining targets along a 3km strike for potential expansion into larger-scale underground copper-gold resources at the Barkly Project.
The most recent analyst rating on (AU:TMS) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tennant Minerals stock, see the AU:TMS Stock Forecast page.
More about Tennant Minerals
Tennant Minerals Limited is an Australian exploration company focused on copper-gold discoveries in the Barkly region near Tennant Creek in the Northern Territory. Its flagship asset is the Bluebird copper-gold discovery within the Barkly Project, where the company is targeting high-grade, near-surface mineralisation amenable to open-pit mining, with potential for larger-scale underground resources in the broader Tennant Creek mineral field.
Average Trading Volume: 2,101,592
Technical Sentiment Signal: Sell
Current Market Cap: A$10.66M
For a thorough assessment of TMS stock, go to TipRanks’ Stock Analysis page.