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An update from West Cobar Metals Ltd. ( (AU:WC1) ) is now available.
West Cobar Metals has lodged two new exploration licence applications, Lilyvale (ELA7009) and Nullagoola (ELA7010), expanding its Cobar district landholding to about 1,090 square kilometres and securing roughly 120 kilometres of prospective Winduck Group stratigraphy. The ground sits between the company’s Bulla Park copper‑antimony‑silver deposit and the operating Peak and CSA mines, targeting multiple gravity highs coincident with historical copper, lead, gold and antimony anomalies.
The company plans ground gravity surveys, mapping and geochemical sampling once the licences are granted to define drill targets over prospects such as Blind Freddie, Coomeratta South and Lilyvale. Management says the move leverages what has been learned at Bulla Park, where a 20‑million‑tonne inferred resource has been defined, and provides a major opportunity to discover additional mineralised systems that could materially enhance West Cobar’s resource base in the Cobar region.
The most recent analyst rating on (AU:WC1) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on West Cobar Metals Ltd. stock, see the AU:WC1 Stock Forecast page.
More about West Cobar Metals Ltd.
West Cobar Metals Ltd. is an Australian exploration company focused on copper, antimony, silver and gold in the Cobar district of New South Wales. The company is building a portfolio of tenements over the favourable Winduck Group stratigraphy, anchored by its Bulla Park copper‑antimony‑silver deposit, to position itself as a significant base and precious metals explorer in the region.
Average Trading Volume: 3,293,814
Technical Sentiment Signal: Sell
For an in-depth examination of WC1 stock, go to TipRanks’ Overview page.