BHP Group Ltd is a popular option for investors looking for copper exposure.
Bell Potter highlights that the ASX copper stock has announced the acquisition of the Mt Cuthbert copper project, located ~150km northwest of its Eloise operation.
The project has Mineral Resources of 18.7Mt @ 1.3% Cu for 246kt Cu located on granted Mining Leases within a prospective 2,400km2 tenement package.
According to the note, the broker has retained its buy rating on the ASX copper stock with an improved price target of $1.15.
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Summarized version
BHP Group Ltd is a popular option for investors looking for copper exposure. The stock that has caught the eye of Bell Potter is AIC Mines Ltd.
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The article, shortened and in plain language
BHP Group Ltd is a popular option for investors looking for copper exposure.
The team at Bell Potter thinks that is the case and is recommending one ASX copper stock to clients.
The stock that has caught the eye of Bell Potter is AIC Mines Ltd.
Bell Potter highlights that the ASX copper stock has announced the acquisition of the Mt Cuthbert copper project, located ~150km northwest of its Eloise operation.
Mt Cuthbert is a past-producing copper mine, with infrastructure including copper oxide heap leach pads and a 8,000tpa solvent extraction and electrowinning processing facility.
The project has Mineral Resources of 18.7Mt @ 1.3% Cu for 246kt Cu located on granted Mining Leases within a prospective 2,400km2 tenement package. ~74% of the current Resource is sulphide ore, for ~180kt contained copper.
According to the note, the broker has retained its buy rating on the ASX copper stock with an improved price target of $1.15.
Based on its current share price of 90 cents, this implies potential upside of about 28% for investors over the next 12 months.
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