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The latest announcement is out from Golden Rim Resources Ltd ( (AU:AS1) ).
Asara Resources Limited has announced the acquisition of Arafura Ouest PTE Ltd, which holds two gold exploration permits in Guinea, significantly expanding Asara’s exploration portfolio in the Siguiri Basin to approximately 296 square kilometers. This acquisition, including the Damissa Koura permit adjacent to Asara’s Kada Gold Project, is expected to bolster Asara’s operations by incorporating historical drilling data from Newmont Corporation, which identified extensive gold mineralization zones. The transaction is subject to due diligence and regulatory approvals, and Asara plans to update its Mineral Resource estimate following ongoing drilling campaigns.
More about Golden Rim Resources Ltd
Asara Resources Limited is a West African gold exploration company focused on expanding its portfolio in the Siguiri Basin of Guinea. The company is involved in gold exploration and aims to enhance its market presence through strategic acquisitions.
Average Trading Volume: 1,760,664
Technical Sentiment Signal: Hold
Current Market Cap: A$134.7M
For detailed information about AS1 stock, go to TipRanks’ Stock Analysis page.