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
The latest update is out from Lykos Metals Limited ( (AU:YUG) ).
Yugo Metals has reported progress at its Sinjakovo Project, where initial drilling at the Kovacevac Prospect intersected a 1.8-metre interval of silver-zinc-lead mineralisation in drillhole KVDD001, suggesting potential for stronger mineralisation to the east as further drilling is planned from existing and new pads. To support its exploration strategy, the company completed a $3.5 million placement to fund a gold-focused diamond drilling program at Sinjakovo, received a $0.4 million historic VAT refund from Bosnian tax authorities, and secured dual listings on the Frankfurt and Dusseldorf stock exchanges, steps that collectively strengthen its funding position and broaden its European investor base.
More about Lykos Metals Limited
Yugo Metals Limited is an ASX-listed exploration company focused on battery, base and precious metals, with its key activities currently centred on the Sinjakovo Project in Bosnia and Herzegovina. The company targets silver, zinc, lead and gold mineralisation, positioning itself to benefit from demand in both the energy transition and traditional metals markets.
Average Trading Volume: 559,191
Technical Sentiment Signal: Buy
Current Market Cap: A$17.63M
For a thorough assessment of YUG stock, go to TipRanks’ Stock Analysis page.