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The latest update is out from Zenith Minerals Limited ( (AU:ZNC) ).
Zenith Minerals has announced a board transition, with non-executive director Andrew Grove stepping down as the company reshapes its governance to support its evolution from explorer to gold developer and begins a formal search for an independent chair and additional non-executive directors with gold development, financing and project execution experience. Operationally, the company is pushing ahead with a maiden JORC mineral resource estimate for its flagship Consolidated Dulcie Gold Project in February 2026, underpinned by recent drilling that confirms corridor-scale mineralisation and emerging stand-alone development options, while continued deep drilling at the Red Mountain project offers potential company-making upside, a recent A$7.65 million strategic placement has strengthened its funding to progress resource, drilling and technical studies, and the appointment of experienced geologist James Major as exploration manager is expected to accelerate resource definition and project advancement across its portfolio.
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 Australian gold-focused exploration and development company listed on the ASX, with core projects in Western Australia and Queensland. Its flagship asset is the Consolidated Dulcie Gold Project in the Southern Cross–Forrestania Greenstone Belt, where it controls 100% of subsurface rights over roughly 6km of granted mining leases, supported by strong regional infrastructure and an existing small heap-leach operation. Zenith also owns the Red Mountain Gold Project in Queensland, a large-scale intrusion-related gold system, holds a 25% free-carried interest in the Earaheedy zinc–lead–silver joint venture with Rumble Resources, and maintains a low-cost lithium portfolio at Split Rocks and Waratah Well, underpinning a broader multi-commodity growth platform.
Average Trading Volume: 451,699
Technical Sentiment Signal: Sell
Current Market Cap: A$48.64M
For a thorough assessment of ZNC stock, go to TipRanks’ Stock Analysis page.