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The latest update is out from Canterbury Resources Ltd. ( (AU:CBY) ).
Canterbury Resources Limited announced the acquisition of Molcopnick Pty Ltd, which holds the Jack Shay Project in central Queensland. The acquisition involves issuing 5 million ordinary shares and options, with completion expected by May 2025. The Jack Shay Project is considered promising for various mineralization styles, with two undrilled targets identified. The acquisition is set to enhance Canterbury’s exploration portfolio, complementing their ongoing projects in the region.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is primarily engaged in identifying and advancing projects with potential for copper, molybdenum, nickel, cobalt, and platinum group elements, particularly in central Queensland, Australia.
YTD Price Performance: 10.0%
Average Trading Volume: 352,753
Technical Sentiment Signal: Buy
Current Market Cap: A$4.34M
For a thorough assessment of CBY stock, go to TipRanks’ Stock Analysis page.