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An announcement from Zenith Minerals Limited ( (AU:ZNC) ) is now available.
Zenith Minerals reported a defining quarter marked by its largest-ever drilling campaign at the Consolidated Dulcie Gold Project and significant geological advances at the Red Mountain Gold Project, while also bolstering its balance sheet via a A$7.65 million strategic placement. At Dulcie, 12,621 metres of RC drilling across the six-kilometre corridor on granted mining leases confirmed broad, shear-hosted gold mineralisation with strong continuity, broadly consistent with the existing 0.3–0.8 Moz exploration target and supporting a clear pathway to a maiden JORC-compliant mineral resource expected in mid-February 2026 and potential low-capex development. At Red Mountain, deep diamond and RC drilling confirmed a large, vertically extensive intrusion-related gold system with visible gold and multiple high-grade zones, extending the mineralised footprint laterally and at depth, while the strategic placement to Ida Metal Investments, which becomes a 10.18% cornerstone shareholder, strengthens funding certainty to sustain and accelerate drilling and exploration across both flagship gold projects.
The most recent analyst rating on (AU:ZNC) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Zenith Minerals Limited stock, see the AU:ZNC Stock Forecast page.
More about Zenith Minerals Limited
Zenith Minerals Limited is an ASX-listed Australian mineral exploration company focused on gold projects, with key assets including the Consolidated Dulcie Gold Project in Western Australia and the Red Mountain Gold Project in Queensland. The company targets near-surface, shear-hosted and intrusion-related gold systems within established gold camps, aiming to define JORC-compliant mineral resources that can be rapidly advanced towards low-capex development, supported by proximity to existing processing infrastructure.
Average Trading Volume: 453,359
Technical Sentiment Signal: Hold
Current Market Cap: A$50.41M
Learn more about ZNC stock on TipRanks’ Stock Analysis page.