TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Discovery Alaska Limited ( (AU:DAF) ) is now available.
In its quarterly report, Discovery Alaska Limited announced the termination of its Mining Lease Agreement for the Vinasale Gold Project to preserve company funds. The company is actively reviewing new project opportunities to bolster its exploration activities and maintain financial prudence with cash reserves of approximately $0.28 million as of June 2025. The Chulitna Project remains a key focus, with the company holding a 100% interest in the project located in Alaska.
More about Discovery Alaska Limited
Discovery Alaska Limited is an Australian-based mineral exploration company with a focus on projects in Alaska, USA. The company holds 100% rights to the Chulitna Project and previously held a lease for the Vinasale Gold Project. Its strategy involves identifying and acquiring new mineral projects to enhance its portfolio and deliver value to shareholders.
Average Trading Volume: 72,357
Technical Sentiment Signal: Buy
Current Market Cap: A$3.75M
For an in-depth examination of DAF stock, go to TipRanks’ Overview page.