Peel Mining Limited
PEX.AX
Australian Securities Exchange0.16
AUD
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Peel Mining Limited
PEX.AX
(Australian Securities Exchange)
Recent
price
0.16
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Peel Mining Limited (ASX:PEX) is an Australia-based advanced base and precious metals exploration company with a primary focus on copper, gold, silver, lead and zinc deposits. The company holds approximately 4,600 square kilometers of tenure across two of Australia's premier polymetallic regions, including the South Cobar Project located about 100 kilometers south of Cobar in western New South Wales and the Curnamona Project in the Broken Hill district also in western New South Wales; its core assets comprise the Mallee Bull high-grade copper deposit, Wirlong copper-silver deposit, Wagga Tank-Southern Nights polymetallic deposit and May Day copper-gold-zinc-lead-silver project, with ongoing exploration and resource definition drilling targeting expansions at these sites. Founded in 2006 and headquartered at Unit 1, 34 Kings Park Road, West Perth, Western Australia, Peel Mining targets mining companies and operates solely within Australia, with no subsidiaries or parent relationships noted. Recent developments include a $23 million capital raising in 2024 via a two-tranche placement and oversubscribed share purchase plan that attracted $10.3 million in subscriptions to fund advancement of the South Cobar copper project; acquisition of Shuttleton Station pastoral lease for $1.83 million to secure unencumbered access and tenure for the Wirlong deposit; confirmation of high-grade supergene copper and oxide gold mineralisation at Wagga Tank through 2,248 meters of reverse circulation drilling; and strong assay results from infill and extension drilling at Mallee Bull and Wirlong, including intercepts supporting a significant resource increase at Wirlong.