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Mako Gold Limited ( (AU:MKG) ) has issued an update.
Aurum Resources Limited has initiated the compulsory acquisition of the remaining shares in Mako Gold Limited, reaching 91.44% ownership. This strategic move will result in Mako Gold’s suspension and delisting from the ASX, enabling Aurum to incorporate Mako’s exploration results and mineral resource estimates into its future ASX disclosures. The acquisition is expected to bolster Aurum’s resource portfolio, particularly at the Napié Project, potentially enhancing its market position and offering a robust platform for growth.
More about Mako Gold Limited
Aurum Resources Limited is a company that operates within the mineral exploration industry, focusing on gold mining projects. The company is involved in exploration activities with projects such as the Napié and Boundiali projects, which are aimed at expanding their mineral resource base and establishing a strong foothold in the gold mining sector.
YTD Price Performance: -23.08%
Average Trading Volume: 1,642,601
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$9.87M
See more insights into MKG stock on TipRanks’ Stock Analysis page.
