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Battery Minerals Ltd. ( (AU:WTM) ) has issued an update.
Waratah Minerals has commenced an 80,000-metre growth and discovery drilling campaign at its wholly owned Spur Gold Project in New South Wales, intensifying efforts to rapidly expand known gold mineralisation and make new high-grade discoveries beyond existing zones. Deploying seven diamond drill rigs, the program targets both shallow, near-surface mineralisation and deeper high-grade structures, supported by ongoing surface mapping, regional soil sampling and SAM geophysical surveys to generate additional drill targets. The initiative reflects management’s view that Spur has potential to host a globally significant gold deposit, and the stepped-up drilling is intended to significantly grow resources at Spur, enhance the project’s standing within the Lachlan Fold Belt, and build value for shareholders through a sustained pipeline of exploration results.
The most recent analyst rating on (AU:WTM) stock is a Hold with a A$0.49 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 mineral exploration company focused on gold, holding a 100% interest in the Spur Gold Project (EL5238) in New South Wales. The company is pursuing an aggressive exploration-led growth strategy aimed at defining and expanding gold resources, with particular emphasis on large-scale, high-grade systems within the Lachlan Fold Belt.
Average Trading Volume: 797,356
Technical Sentiment Signal: Hold
Current Market Cap: A$162.4M
See more insights into WTM stock on TipRanks’ Stock Analysis page.