Guardian Metal Resources PLC Expands Pilot North Tungsten Project
London, UK — Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company, has announced a significant expansion of its Pilot North Tungsten Project in Nevada, USA. The expansion follows promising assay results, leading to the acquisition of an additional 42 Bureau of Land Management (BLM) Lode Claims. This brings the total number of claims to 101, covering approximately 2,086 acres.
The enlargement of the Pilot North Project, located in the Walker Lane Mineral Belt approximately 15km northwest of the company’s Pilot Mountain Project, was driven by exceptional reconnaissance rock sample assay results. These results revealed high-grade mineral concentrations, including:
- Copper: up to 5.71%
- Silver: up to 619g/t
- Zinc: up to 3.45%
- Tungsten: up to 1,185ppm WO3
- Bismuth: up to 2,840ppm
The expanded project now encompasses four World War II era tungsten mines, positioning Guardian Metal Resources to potentially re-establish these sites for modern mining operations.
Despite the promising developments at Pilot North, Guardian Metal Resources faces financial challenges. The company’s stock closed at 55 GBP on August 11, 2025, down from a 52-week high of 70.952 GBP on July 22, 2025, and significantly above the 52-week low of 21.067 GBP on November 13, 2024. The market capitalization stands at 109,270,000 GBP, with a price-to-earnings ratio of -42.19, indicating the company is not currently profitable.
Guardian Metal Resources, primarily listed on the London Stock Exchange and trading in GBP, continues to focus on exploring and developing strategic mineral projects to meet global demands. The company’s efforts at Pilot North highlight its commitment to expanding its portfolio in the tungsten sector, a critical material for various industrial applications.
The issuer of this announcement is solely responsible for its content. For further information, stakeholders are encouraged to refer to the company’s official communications and filings.