Hartleys Research has initiated coverage on Duketon Mining with a “speculative buy" and a price target of 32¢ a share as the nickel company focuses on exploration with an eye on development.
The Duketon Project (100 per cent DKM) is the company’s flagship project, and contains the advanced nickel prospects of Rosie and C2, along with emerging gold prospects of Terminator and Thompson Bore. The project lies about 80km north of Laverton, spanning a large contiguous landholding over the Archaean-aged Duketon Greenstone Belt of the Eastern Goldfields.