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Peel Mining Limited ( (AU:PEX) ) just unveiled an announcement.
Peel Mining Limited has commenced a Phase One drilling program at the Nombinnie gold prospect in New South Wales, marking its first drilling effort at this site. The program aims to explore extensions of known gold mineralisation and potential sulphide systems, leveraging historical data and recent geophysical surveys. This initiative underscores Peel’s commitment to organic growth through high-quality exploration, with potential implications for enhancing its resource base and market positioning.
The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.
More about Peel Mining Limited
Peel Mining Limited is an exploration company in the mining industry, focusing on discovering and developing mineral resources. The company primarily engages in the exploration of gold and base metals, with a market focus on expanding its mineral resource portfolio in Australia.
YTD Price Performance: -16.67%
Average Trading Volume: 1,549,098
Technical Sentiment Signal: Hold
Current Market Cap: A$76.19M
For an in-depth examination of PEX stock, go to TipRanks’ Overview page.