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An update from Intra Energy Corporation Limited ( (AU:BTM) ) is now available.
Breakthrough Minerals Limited has completed the acquisition of the Errolls Gold Project, securing 100% ownership and positioning itself for an aggressive exploration strategy in Western Australia. The company has raised $1.2 million through a share placement to fund the exploration and acquisition costs, ensuring a robust cash position of approximately A$2.09 million. The upcoming drilling campaign at Errolls is expected to commence in the September 2025 quarter, with the first assay results anticipated soon after. This acquisition and the planned exploration activities are expected to significantly impact the company’s operations and strengthen its industry positioning.
More about Intra Energy Corporation Limited
Breakthrough Minerals Limited is a company in the mining industry, primarily focused on gold exploration. The company has recently acquired the Errolls Gold Project in Western Australia, which is a high-grade gold project. Their market focus includes aggressive exploration strategies to enhance their position in the gold mining sector.
Average Trading Volume: 300,609
Technical Sentiment Signal: Sell
Current Market Cap: A$7.91M
See more insights into BTM stock on TipRanks’ Stock Analysis page.