Admiralty Resources (ASX:ADY) shares have climbed 100% in the past month to an intra-day high of $0.027 today, from $0.013 in early July.
The company’s Bulman Project is a substantial zinc and lead oxide deposit in the Northern Territory, so the rising zinc price is likely a factor behind Admirality's improved share price.
Combined geological ore reserves estimated in the 1950's for several mineralised veins were 375,000 tonnes at 15% zinc and 2% lead of mainly oxide material.
Significant near surface zinc and lead oxide ore remains, but is largely untested by modern systematic sampling and drilling practices.
A literature review of available open file exploration data highlighted that the Bulman Leases and five nearby zinc and lead occurrences have potential for at least 1 million tonnes of near-surface oxide and sulphide ore at greater than 10% combined zinc and lead.
The company is presently valued at $17 million.
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0.5¢ |
Change
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Mkt cap ! $13.14M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 908380 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 225889 | 1 |
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| Last trade - 16.14pm 13/06/2025 (20 minute delay) ? |
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