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Auric Mining Extends Due Diligence for Burbanks Acquisition

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Auric Mining Extends Due Diligence for Burbanks Acquisition

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Auric Mining Ltd. ( (AU:AWJ) ) has shared an update.

Auric Mining Limited has announced an extension of the due diligence period for the exclusive right to purchase the Burbanks Plant and associated assets in Coolgardie, WA. The extension, agreed upon with the agent for the Mortgagee in Possession, moves the deadline to 28 February 2025, allowing Auric more time to evaluate the $4.4 million purchase offer. This decision could significantly impact Auric’s operational capabilities and strategic positioning if the acquisition is completed.

More about Auric Mining Ltd.

Auric Mining Limited operates in the mining industry, focusing on mining and exploration activities. The company is listed on the Australian Stock Exchange and is involved in acquiring and developing mining assets in Western Australia.

YTD Price Performance: -7.35%

Average Trading Volume: 711,559

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$46.92M

For a thorough assessment of AWJ stock, go to TipRanks’ Stock Analysis page.

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