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Canterbury Resources Ltd. ( (AU:CBY) ) has provided an announcement.
Canterbury Resources Limited has completed the acquisition of Molcopnick Pty Ltd, which holds the Jack Shay Project in central Queensland. This acquisition, paid through shares and options, adds promising exploration targets to Canterbury’s portfolio, including the undrilled Nerangy Cu-Mo porphyry and Red Hill Ni-Cu-Co-Pt prospects. The company plans to initiate drilling to explore these targets further, enhancing its resource base and potentially strengthening its position in the mineral exploration industry.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is a company engaged in the exploration and development of mineral resources, focusing on copper and other base metals. The company operates primarily in Australia, with a significant emphasis on projects in Queensland.
Average Trading Volume: 155,940
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
For an in-depth examination of CBY stock, go to TipRanks’ Stock Analysis page.