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Ausgold Limited ( (AU:AUC) ) just unveiled an update.
Critica Limited has entered into a Farm-In Agreement with Ausgold Limited for the Kulin Gold Project, allowing Ausgold to earn up to a 70% interest by investing in the project over three years. This agreement aligns with Critica’s strategy to concentrate resources on its Jupiter REE Project while maintaining a stake in the Kulin Project, potentially benefiting from future developments without significant cash expenditure. The arrangement reflects Critica’s strategic focus on its core assets and enhances its industry positioning by leveraging partnerships to manage non-core projects.
More about Ausgold Limited
Critica Limited is a company engaged in the exploration and development of mineral resources, with a focus on rare earth elements. Its flagship project is the Jupiter REE Project, located in Yalgoo, Western Australia, which is noted for being Australia’s largest and highest-grade clay-hosted rare earth deposit. The company benefits from strategic infrastructure and proximity to processing facilities, enhancing its operational capabilities.
YTD Price Performance: 69.05%
Average Trading Volume: 714,884
Technical Sentiment Signal: Buy
Current Market Cap: A$253.8M
For detailed information about AUC stock, go to TipRanks’ Stock Analysis page.