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Great Southern Copper PLC ( (GB:GSCU) ) has provided an update.
Great Southern Copper has reported new rock chip and channel sampling results from the Monolith target at its Cerro Negro prospect in Chile, showing copper-silver mineralisation across all 15 channels and rock chips grading up to 1.5% copper and 95.8 grams per tonne silver. The results extend a coherent mineralised and altered footprint to roughly 700 metres by 400 metres, open to the south and west, and confirm geological similarities with the nearby Mostaza mine, where high-grade sulphides have already been drilled.
Management says the predominance of weathered oxide copper at surface suggests higher-grade sulphide mineralisation may be preserved at depth, underlining the potential scale of the system. The company is now preparing scout reverse circulation drilling at Monolith as part of its Phase IV programme, alongside further mapping, sampling and an extension of IP geophysics, potentially strengthening its district-scale copper-silver proposition in a well-serviced, infrastructure-rich part of northern Chile.
Spark’s Take on GSCU Stock
According to Spark, TipRanks’ AI Analyst, GSCU is a Neutral.
The score is held down primarily by weak financial performance—no revenue, widening losses, and increasing cash burn despite having no debt. Technicals are a positive, with price trading above major moving averages and positive MACD, but valuation signals are limited due to a non-meaningful P/E and no dividend yield data.
To see Spark’s full report on GSCU stock, click here.
More about Great Southern Copper PLC
Great Southern Copper PLC is a UK-listed mineral exploration company focused on discovering copper, gold and silver deposits in Chile. The group holds rights to acquire 100% of the Especularita project in the under-explored coastal metallogenic belt, a low-altitude district close to major Andean copper operations such as Los Pelambres, Altar and El Pachón.
Average Trading Volume: 2,970,206
Technical Sentiment Signal: Strong Buy
Current Market Cap: £22.92M
Find detailed analytics on GSCU stock on TipRanks’ Stock Analysis page.