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An update from DGR Global Limited ( (AU:DGR) ) is now available.
DGR Global Limited announced that SolGold, in which it holds a significant stake, rejected a non-binding acquisition proposal from Jiangxi Copper. The rejection led to an increase in SolGold’s share price, positively impacting DGR’s market valuation. SolGold is advancing its Cascabel project, which has shown promising economic potential with substantial copper and gold resources. The inclusion of the Tandayama deposit is expected to enhance the project’s financial metrics and funding prospects. SolGold is also exploring additional funding options and holds numerous exploration targets in Ecuador, indicating potential for further resource discoveries.
More about DGR Global Limited
DGR Global Limited is a company involved in the exploration and development of mineral resources, with a significant focus on copper and gold. The company holds a substantial stake in SolGold, which is engaged in developing the Cascabel project in Ecuador, a region known for its rich copper resources.
Average Trading Volume: 750,548
Technical Sentiment Signal: Hold
Current Market Cap: A$26.09M
Find detailed analytics on DGR stock on TipRanks’ Stock Analysis page.