Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
West Cobar Metals Ltd. ( (AU:WC1) ) just unveiled an announcement.
West Cobar Metals has reported an initial inferred mineral resource estimate of 263 million tonnes at 26 ppm gallium at its Salazar Critical Minerals Project, covering the Newmont and O’Connor deposits within the existing rare earth resource envelope. The gallium, hosted in saprolitic clays where metallurgical work indicates it can potentially be recovered alongside rare earths and scandium, adds a new high-value by-product to Salazar’s already substantial basket of critical minerals, with further drilling expected to expand the resource, particularly around Newmont, O’Connor, Glenmorangie and Talisker. Against a backdrop of Chinese export restrictions and Australia’s move to include gallium in its planned Critical Minerals Strategic Reserve, the new resource strengthens West Cobar’s strategic positioning as a potential Western supplier of gallium and other critical minerals, and management argues that the multi-product extraction pathway and favourable leaching characteristics could materially improve overall project economics.
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 and development company focused on clay-hosted critical minerals in Western Australia, particularly at its 100%-owned Salazar Critical Minerals Project north-east of Esperance. The project already hosts significant rare earth element resources along with scandium, titanium dioxide, gallium and alumina, positioning the company in key supply chains for high-tech, defence and energy transition industries that are the focus of Australian and global critical minerals strategies.
Average Trading Volume: 2,671,605
Technical Sentiment Signal: Sell
See more data about WC1 stock on TipRanks’ Stock Analysis page.