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CZR Resources Ltd ( (AU:CZR) ) has shared an update.
CZR Resources Ltd has completed the sale of its interest in the Robe Mesa Iron Ore Project for approximately A$75 million, leaving the company debt-free and with a strong cash position of $76.3 million. This financial stability allows CZR to accelerate exploration at its Croydon gold, Edamurta copper, and Yarraloola iron ore projects, positioning the company for future growth and development in the mineral exploration industry.
More about CZR Resources Ltd
CZR Resources Ltd is a mineral exploration and development company based in Western Australia, focusing on iron ore, gold, and base metals. The company operates five projects in joint venture with its major shareholder, Creasy Group, strategically located near infrastructure and prospective geology.
Average Trading Volume: 320,739
Technical Sentiment Signal: Buy
Current Market Cap: A$76.13M
See more insights into CZR stock on TipRanks’ Stock Analysis page.