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Alicanto Minerals ( (AU:AQI) ) has issued an announcement.
Alicanto Minerals has secured shareholder approval to acquire the Mt Henry Gold Project in Western Australia, which hosts an existing mineral resource of about 915,000 ounces of gold, and expects to complete the transaction by mid-February 2026, with Westgold Resources to become a 19.9% shareholder. The company has simultaneously reshaped its leadership team, appointing Jeff Sansom as CEO and making key executive and geology hires to accelerate mobilisation and an extensive drilling program aimed at expanding the Mt Henry resource, positioning Alicanto for its next growth phase and long-term value creation for shareholders.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.18 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 Limited is an Australian gold exploration and development company focused on advancing projects in Western Australia. The company is targeting resource growth and value creation through brownfields exploration, with a particular emphasis on the Mt Henry Gold Project in the Norseman–Wiluna Greenstone Belt, one of the country’s most prolific gold-producing regions.
Average Trading Volume: 3,682,768
Technical Sentiment Signal: Buy
Current Market Cap: A$230.2M
For a thorough assessment of AQI stock, go to TipRanks’ Stock Analysis page.