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An update from WA1 Resources Ltd ( (AU:WA1) ) is now available.
WA1 Resources has reported further high-grade niobium intersections from infill drilling at its Luni Niobium Project in Western Australia, directly adjacent to and within the existing Indicated Mineral Resource area. The results, from diamond and air core drilling on staggered grids, confirm the continuity, geometry and thickness of high-grade mineralisation across both western and eastern zones of the deposit.
These new intersections are expected to underpin the conversion of more high-grade material into higher confidence resource categories in an updated Mineral Resource estimate due in the June quarter. With 85,000 metres of drilling completed since discovery and ongoing engagement with Traditional Owners through a regional work experience program, the results signal continued project advancement and a stronger foundation for ongoing technical and economic studies.
The most recent analyst rating on (AU:WA1) stock is a Hold with a A$18.00 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.
More about WA1 Resources Ltd
WA1 Resources Ltd is an Australian exploration company focused on the discovery and development of niobium resources, with its flagship 100%-owned Luni Niobium Project located in Western Australia. The company is working to define a high-grade niobium resource to support future studies and potential development in a strategic critical minerals market.
Average Trading Volume: 180,747
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.3B
Learn more about WA1 stock on TipRanks’ Stock Analysis page.