Yandal Resources Ltd. (AU:YRL) has released an update.
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Cosmo Metals Ltd has strategically expanded its Kanowna Gold Project by acquiring two tenements from Yandal Resources Ltd, consolidating 32 square kilometers of continuous land with over 8 kilometers of high-potential gold targets. This all-scrip transaction allows Cosmo to focus its finances on exploration and advances the potential for a significant gold discovery within the region known for large orogenic gold anomalies. The acquisition cost Cosmo $50,000 payable in shares, priced according to the recent volume-weighted average.
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