Tectonic Gold - Update
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Identified and proven gold bearing systems in a highly prolific area
Tectonic Gold is well positioned to provide the majors with replacement projects. The company has two large, advanced projects, one of which could be a Mt. Morgan (12Moz gold) lookalike, in a highly prolific gold belt. Gold bearing systems have been consistently intersected by drilling on both projects, with each of them having multi-million ounce potential.
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Drilling resumes at Specimen Hill following copper porphyry
The 2020 drilling programme successfully intersected epithermal gold and copper-gold porphyry mineralization. There are short-term plans to complete a short round of drilling at the flagship Specimen Hill project to further investigate these two principle mineral systems that formed from multi-phase hydrothermal events.
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Joint venture deal with major or cash disposal looks very close now
Highly compelling exploration results from the large Biloela Project show that tremendous value could be unlocked here. Majors are watching, with Rio Tinto pegging acreage that Tectonic released next door to its flagship project.
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Exploration results and industry metrics suggest over 500% upside
Our conservative valuation highlights the potential. We coverage of Tectonic is updated with a target price of 6.60p and Conviction Buy stance.
Align Research is a commissioned research company founded in November 2015 in order to provide the under-served smaller company space with high quality analysis. We have an initial focus on the natural resources sector, in which we see significant opportunities given the current once in a generation bear market, however all undervalued small caps (sub £100m) are considered by our team. Align was founded by industry professionals with decades of experience in the stock markets, headed up by highly qualified individuals from both fund management and analytical backgrounds.
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