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Truscott Mining Corporation Ltd ( (AU:TRM) ) just unveiled an announcement.
Truscott Mining Corporation is advancing its Westminster Gold Project in response to continued rises in gold and other metal prices, initiating a fully subscribed capital raising to fund drilling and appointing Geo-Drilling Pty Ltd to conduct an initial 2,500 metres drilling program starting in early February 2026 to test the core zones of two ore body targets at depth. The company has strengthened its project development capability by appointing a new Project Manager-Geology, Jonathan Stokes, scheduled a February 16, 2026 general meeting to refresh its capital-raising capacity, and highlighted that structural analysis indicates four ore body target zones with potential to host two to five million ounces of gold, positioning Westminster as both a growth driver for Truscott and a technical reference point for exploration practices in the broader mineral field.
The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.
More about Truscott Mining Corporation Ltd
Truscott Mining Corporation Ltd is an Australian mineral exploration company focused on gold, with its principal activities centred on the Westminster Gold Project. The company applies structurally driven, research-intensive exploration and resource modelling techniques aimed at identifying large-scale gold mineralisation targets within its tenement holdings in established mineral fields.
Average Trading Volume: 38,571
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$17.1M
See more insights into TRM stock on TipRanks’ Stock Analysis page.