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Matador Mining Ltd ( (AU:AAM) ) has issued an announcement.
AuMEGA Metals Ltd has announced a major exploration plan for 2025, including extensive drilling at its Bunker Hill, Cape Ray, and Hermitage projects. The company has identified significant gold anomalies and mineralization potential through various surveys conducted in the fourth quarter of 2024, positioning Bunker Hill as a high-priority target. Additionally, AuMEGA successfully raised approximately C$16 million through a private placement, bolstering its financial position to advance exploration activities supported by existing and new global resource fund investors.
More about Matador Mining Ltd
AuMEGA Metals Ltd is a mineral exploration company predominantly focused on discovering precious and critical metals in Newfoundland and Labrador, Canada. The company has a significant land holding along the Cape Ray Shear Zone, known for its gold potential, and it also has strategic interests in copper and other base metals. Supported by prominent global investors and strategic partners like B2Gold Corp, AuMEGA aims to leverage its systematic exploration approach to unlock value from its extensive resource portfolio.
YTD Price Performance: 17.50%
Average Trading Volume: 1,471,888
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$27.19M
For a thorough assessment of AAM stock, go to TipRanks’ Stock Analysis page.
