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Aus Tin Mining Limited ( (AU:C7A) ) has provided an update.
Clara Resources Australia has repositioned its strategy around its 100% owned Mareeba Gold Project in North Queensland’s Hodgkinson Province, a historic high-grade gold district that has seen little modern exploration. The company plans to maintain a lean corporate structure so that most expenditure is directed into in-ground exploration and value-accretive work at Mareeba.
To support this refocus, Clara has secured a A$1.1 million placement at $0.004 per share from sophisticated and professional investors, with directors participating on the same terms. The company has also renewed its board, appointing experienced corporate adviser Duncan Gordon as executive director while former managing director Peter Westerhuis steps down to a consultancy role, signalling a shift towards aggressive exploration and potential growth at its Queensland assets.
The most recent analyst rating on (AU:C7A) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Aus Tin Mining Limited stock, see the AU:C7A Stock Forecast page.
More about Aus Tin Mining Limited
Clara Resources Australia Limited is an ASX-listed mineral exploration company focused on gold projects in Queensland. Its primary asset is the 100% owned Mareeba Gold Project in the historically productive but underexplored Hodgkinson Province, where it holds four exploration permits covering about 247 square kilometres.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.35M
See more data about C7A stock on TipRanks’ Stock Analysis page.