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Bulletin Resources Limited ( (AU:BNR) ) just unveiled an announcement.
Bulletin Resources Limited has sold three non-core tenements of its Lake Rebecca Gold Project to Ramelius Resources Limited for $500,000. This strategic move allows Bulletin to concentrate on its more promising Northern and Western landholdings, enhancing its focus on the recently acquired 509 square kilometers of gold-prospective ground. The sale is expected to streamline Bulletin’s operations and strengthen its financial position, with the company remaining well-funded with cash and investments totaling $18.85 million.
More about Bulletin Resources Limited
Bulletin Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is involved in projects such as the Lake Rebecca Gold Project and holds significant landholdings for prospective gold exploration.
YTD Price Performance: 35.90%
Average Trading Volume: 417,968
Technical Sentiment Signal: Sell
Current Market Cap: A$15.56M
Learn more about BNR stock on TipRanks’ Stock Analysis page.