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Austin Metals Limited ( (AU:AYT) ) has provided an update.
Austin Metals Limited has completed the sale of its Broken Hill exploration licenses to Kingfisher Mining Ltd for $400,000, comprising cash and shares. This strategic divestment allows Austin to concentrate on its Austin Gold Project, supported by a recent capital raise, enhancing its financial position and enabling high-impact exploration programs aimed at delivering value for shareholders.
More about Austin Metals Limited
Austin Metals Limited (AYT) is a gold and precious metals explorer focused on the prolific mining districts of Western Australia. Its flagship project, the Austin Gold Project, is located in the Murchison greenstone province, adjacent to notable projects such as Ramelius Resources’ Cue Gold Project and Caprice Resources’ Island Gold Project.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.51M
For a thorough assessment of AYT stock, go to TipRanks’ Stock Analysis page.