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An announcement from C29 Metals Limited ( (AU:C29) ) is now available.
C29 Metals Limited has announced a strategic shift to concentrate on its Mayfield Copper & Gold Project in Queensland, Australia, following a comprehensive review of its operations. The company has decided to exit Kazakhstan due to regulatory challenges and has terminated its agreement with Bask International. With a three-year extension on its exploration license, C29 is poised to enhance its exploration activities at Mayfield, which is situated in a geologically promising area known for various mineral deposits. This decision underscores C29’s commitment to leveraging its Australian assets and exploring new opportunities in copper and gold exploration, potentially impacting its market positioning and stakeholder interests.
More about C29 Metals Limited
C29 Metals Limited operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is primarily engaged in advanced exploration projects in Australia, with a specific emphasis on the Mayfield Copper & Gold Project located in Queensland.
Average Trading Volume: 320,252
Technical Sentiment Signal: Sell
Current Market Cap: A$3.83M
For an in-depth examination of C29 stock, go to TipRanks’ Overview page.