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An announcement from Dalaroo Metals Ltd. ( (AU:DAL) ) is now available.
Dalaroo Metals has provided an update on its proposed acquisition of four exploration permits in central Côte d’Ivoire from Red Rock Resources, covering about 1,368 km² within the highly prospective Birimian Greenstone Belts near Yamoussoukro. The deal, which will give Dalaroo four Ivorian projects plus an option over the Bongouanoa Project, will materially expand its exploration footprint and strengthen its exposure to West African gold, with an in-country geological team already conducting technical reviews and planning initial field programs for the new year; the parties have agreed to extend the settlement date to complete due diligence, finalise definitive agreements and secure necessary regulatory and corporate approvals, while the company simultaneously evaluates additional regional acquisition opportunities that could further enlarge its project portfolio.
The most recent analyst rating on (AU:DAL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dalaroo Metals Ltd. stock, see the AU:DAL Stock Forecast page.
More about Dalaroo Metals Ltd.
Dalaroo Metals Limited is an ASX-listed mineral exploration company focused on gold exploration, with a growing presence in Côte d’Ivoire. The company is building a portfolio of exploration permits within the Birimian Greenstone Belts, a prolific West African gold province that hosts several large multi-million-ounce deposits and benefits from established regional infrastructure.
Average Trading Volume: 618,524
Technical Sentiment Signal: Buy
For an in-depth examination of DAL stock, go to TipRanks’ Overview page.