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Battery Minerals Ltd. ( (AU:WTM) ) has shared an announcement.
Waratah Minerals has reported significant new assay results from five diamond drill holes at its Spur Gold Project in New South Wales, including broad, shallow and high-grade gold intercepts at both the Spur and Consols zones. The latest holes have extended high-grade mineralisation 80 metres west and to shallower depths, effectively doubling the width of the high-grade zone at the eastern margin of Consols and lifting the tally of major intersections, while drilling capacity has been expanded to nine rigs with approvals for 150 additional drill sites.
These results reinforce the scale and continuity of the mineralised system, supporting Waratah’s strategy of rapid resource growth and potentially enhancing the project’s economic appeal. With extensive drilling underway and regulatory approvals in place for further expansion, the company is consolidating its position as an emerging high-grade gold player in eastern Australia, a development likely to be closely watched by investors and regional mining stakeholders.
The most recent analyst rating on (AU:WTM) stock is a Sell with a A$0.60 price target. To see the full list of analyst forecasts on Battery Minerals Ltd. stock, see the AU:WTM Stock Forecast page.
More about Battery Minerals Ltd.
Waratah Minerals Limited is an Australian exploration company focused on gold, advancing its 100%-owned Spur Gold Project in New South Wales. The company is targeting high-grade gold systems at the Spur and Consols zones, aiming to rapidly grow resources through one of the largest drill programs currently underway in eastern Australia.
Average Trading Volume: 912,014
Technical Sentiment Signal: Sell
Current Market Cap: A$173.7M
See more data about WTM stock on TipRanks’ Stock Analysis page.