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The latest announcement is out from Alicanto Minerals ( (AU:AQI) ).
Alicanto Minerals has entered a binding agreement with Westgold to acquire 100% of the Mt Henry Gold Project in Western Australia’s Norseman–Kalgoorlie greenstone belt, a transaction underpinned by firm commitments from institutional investors to raise $28 million via a two‑tranche placement. The Mt Henry project hosts 915,000 ounces of near-surface gold resources across three deposits along a 16km mineralised corridor, with mineralisation open along strike and down dip and numerous high‑grade, largely shallow drill intercepts pointing to strong potential for rapid resource growth; Alicanto plans an intensive 50,000m multi‑rig drilling campaign post-acquisition, while Westgold’s emergence as a 19.9% shareholder and the appointment of Jeffrey Sansom as CEO signal a strategic shift into Australian gold growth backed by a strengthened balance sheet, as exploration also continues at the company’s Greater Falun project in Sweden, where recent rock chip and soil work has generated new copper, silver and gold targets.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
More about Alicanto Minerals
Alicanto Minerals Ltd is an Australian-based gold and base metals exploration company listed on the ASX, with a primary focus on advancing gold projects in Western Australia and polymetallic (copper, silver, gold, zinc) exploration assets in Sweden. The company targets tier-one mining jurisdictions and established greenstone belts, aiming to grow mineral resources and create value through systematic drilling, resource expansion and development studies in districts with significant existing infrastructure and major industry participants.
Average Trading Volume: 3,657,863
Technical Sentiment Signal: Buy
Current Market Cap: A$198.3M
For a thorough assessment of AQI stock, go to TipRanks’ Stock Analysis page.