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The latest update is out from Bubalus Resources Ltd. ( (AU:BUS) ).
Bubalus Resources Ltd. has successfully raised $1.5 million through a share placement to advance its gold-antimony projects, particularly the Crosbie South prospect in Victoria. This capital infusion, supported by both existing and new investors, will enhance the company’s financial position and enable the commencement of a maiden drilling program. The placement reflects a strategic move to bolster Bubalus’s market positioning in the resource sector, with implications for increased exploration activities and potential resource development.
More about Bubalus Resources Ltd.
Bubalus Resources Ltd. is a company involved in multiple resource projects, including Victorian Gold Projects, Yinnietharra Lithium Project, and others focused on manganese and rare earth elements. Their operations span across Northern Territory and Western Australia, with a focus on gold, antimony, lithium, manganese, and rare earth elements.
YTD Price Performance: 42.31%
Average Trading Volume: 163,299
Technical Sentiment Signal: Strong Sell
For a thorough assessment of BUS stock, go to TipRanks’ Stock Analysis page.