AngusMcK

$PEX - Peel Mining - Running hard on discoveries again.

Long
ASX:PEX   PEEL MINING LIMITED
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$PEX - Peel Mining - Running hard on discoveries again.

Off on another discovery driven run. Can it repeat last years end of year run and hit 85 cents again? RSI might be a bit overcooked for my liking but worth a watch.

Peel Mining Limited is engaged in the exploration for economic deposits of minerals. The Company focuses on the base and precious metals. The Company operates through three segments: mineral exploration under its joint venture with CBH Resources Limited at its Mallee Bull prospect; mineral exploration under its farm-in agreement with Japan Oil , Gas and Metals National Corporation (JOGMEC), and other, including all other mineral exploration within Australia. It has approximately four main mineral projects comprising granted exploration licenses and licenses under application. It holds interest in Gilgunnia (EL7461 and ML1361); Cobar Superbasin Project, which is a package of granted tenements covering over 2,100 square kilometers within the Cobar Basin; Wagga Tank/Mount View Projects in Cobar Basin, and Apollo Hill Project, which includes Apollo Hill and the Ra Zone. Its Gilgunnia/Mallee Bull project is located approximately 100 kilometers south of Cobar in western New South Wales.

Comment: Didnt climb as hoped, but heading the right way again with about a 15% gain if it can reach its previous ceiling. Worth a watch.

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