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Australian Gold & Copper Ltd. ( (AU:AGC) ) has issued an announcement.
Australian Gold and Copper Ltd (AGC) has announced the acquisition of the Browns Reef Project from Eastern Metals Limited, significantly expanding its South Cobar Project in New South Wales. This acquisition adds 1,269km² of exploration tenure, bringing the total to 2,600km², and includes advanced-stage targets with substantial historic drilling. The transaction is expected to enhance AGC’s exploration capabilities, leveraging synergies with its existing Achilles discovery, and is anticipated to complete following EMS shareholder approval. The acquisition positions AGC to capitalize on strong precious metal prices and under-utilized processing capacity in the region.
More about Australian Gold & Copper Ltd.
Australian Gold and Copper Ltd (AGC) operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company is primarily engaged in expanding its mineral exploration footprint in New South Wales, Australia, with a focus on precious and base metals.
Average Trading Volume: 212,966
Technical Sentiment Signal: Hold
Current Market Cap: A$39.77M
Learn more about AGC stock on TipRanks’ Stock Analysis page.