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An update from Variscan Mines Limited ( (AU:VAR) ) is now available.
Variscan Mines has resumed underground drilling at the Udías Mine in northern Spain, targeting new untested zones along existing mine development workings that currently lie outside the project’s Mineral Resource Estimate and aiming to link these areas with existing resource zones and the adjacent San Jose Mine. The company reports that its recent drilling and integrated 3D data work suggest mineralisation extends beyond current models and is geologically consistent with the San Jose Mine, while its San Jose Mine restart study is nearly complete, earn-in transactions on Irish zinc projects are close to finalisation, and preparations are under way for concentrate marketing in the context of strong zinc prices, underscoring steady progress toward its mine restart and explorer-producer strategy.
The most recent analyst rating on (AU:VAR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Variscan Mines Limited stock, see the AU:VAR Stock Forecast page.
More about Variscan Mines Limited
Variscan Mines Limited is an ASX-listed mineral exploration and development company focused on zinc projects, notably its 100%-owned Novales-Udías Project in Cantabria, northern Spain, and earn-in interests in the Midlands and Waterford zinc projects in Ireland. The company is pursuing an explorer-to-producer strategy centred on restarting mining operations, particularly at the San Jose Mine, and is positioning itself to benefit from strong zinc market conditions through planned concentrate marketing efforts.
Average Trading Volume: 11,698,242
Technical Sentiment Signal: Sell
Current Market Cap: A$11.22M
Learn more about VAR stock on TipRanks’ Stock Analysis page.