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Avira Resources Ltd ( (AU:AVW) ) has provided an update.
Avira Resources Limited has completed the acquisition of Prowse Commodities Pty Ltd, securing an option to acquire a 100% interest in gold and other mineral rights on exploration licence E74/401, excluding pegmatite minerals. This strategic move enhances Avira’s portfolio, particularly in the Mt Cattlin Gold Project, and is complemented by the completion of a capital raising initiative that generated $2,155,000. The acquisition and capital raise are expected to bolster Avira’s exploration capabilities and strengthen its position in the mining industry.
More about Avira Resources Ltd
Avira Resources Limited (AVW) is an ASX-listed mining exploration company focused on gold, copper, and base metals, with projects located in Western Australia and Sweden. The company is engaged in exploring high-priority gold-copper assets, such as the Mt Cattlin Gold Project, and targets significant mineralization in regions like the Ravensthorpe Greenstone Belt and the Gällivare mining district.
Average Trading Volume: 930,036
Technical Sentiment Signal: Sell
Current Market Cap: A$3.17M
See more insights into AVW stock on TipRanks’ Stock Analysis page.