Initiating Coverage
We are initiating coverage on Aston Minerals with a Buy (Speculative) rating and no target price. Aston is a Ni-Co and Au explorer focused on advancing its 100%-owned Edleston project in Timmins, ON. The Edleston project is unique and is host to two mineralized systems of nickel and gold. Given its location in a world-class mining district close to other mines and projects, we believe investors should keep a close eye on this story as recent exploration results suggest the emergence of a very significant Ni deposit in addition to a sizeable Au system.