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Summit Minerals Limited ( (AU:WRX) ) just unveiled an update.
Western Ridge Resources has secured regulatory approval from the Nevada Bureau of Land Management to begin its maiden drilling program at the Keystone Project in the second quarter of 2026. The fully funded campaign represents the first substantial modern exploration at the historic silver mine since operations halted in 1943.
The company plans 19 reverse circulation drill holes totaling 1,380 metres to test strike and depth extensions of the Keystone vein system, including both the main outcropping vein and horizontal veins discovered late in the mine’s production history. Management expects early drilling results to refine its three-dimensional geological model, guide a broader field season across multiple high-priority targets in Nevada, and potentially reposition Keystone as a significant modern silver exploration asset.
The most recent analyst rating on (AU:WRX) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Summit Minerals Limited stock, see the AU:WRX Stock Forecast page.
More about Summit Minerals Limited
Western Ridge Resources Limited is an Australian-listed exploration company focused on precious metals projects, with a key asset in the historic Keystone silver mine in Nevada. The company targets high-grade mineralised vein systems in underexplored, past-producing districts, aiming to unlock value through modern drilling and geophysical programs.
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Technical Sentiment Signal: Sell
For detailed information about WRX stock, go to TipRanks’ Stock Analysis page.