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CGN Resources Ltd. ( (AU:CGR) ) has provided an update.
CGN Resources Ltd. has been granted a substantial package of gold tenure at the Christmas Well and Panhandle Projects in the prolific Leonora gold district, marking a significant growth phase for the company. The newly acquired exploration and prospecting licenses enhance CGN’s strategic landholding and offer strong potential for near-term gold discoveries. Additionally, the company has secured a Land Access Agreement with the Darlot Traditional Owners, facilitating heritage surveys and paving the way for further exploration activities, which could bolster CGN’s operational readiness and industry positioning.
More about CGN Resources Ltd.
CGN Resources Ltd. operates in the mining industry, focusing primarily on gold exploration and development. The company is strategically positioned in the Leonora gold district of Western Australia, an area known for its rich gold deposits.
Average Trading Volume: 342,077
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.39M
See more insights into CGR stock on TipRanks’ Stock Analysis page.