E79 Gold Mines Limited ( (AU:E79) ) has shared an update.
E79 Gold Mines Limited has acquired 100% ownership of the Mountain Home Copper-Gold-Bismuth Project in the Northern Territory by exercising its option early. This strategic move includes a reduction in the net smelter royalty from 2% to 1% and a decrease in the royalty cap from $3 million to $1.5 million, enhancing the project’s potential. The acquisition allows E79 Gold to proceed with initial drilling in the upcoming dry season, marking a significant step in advancing the project and potentially strengthening its position in the mining industry.
More about E79 Gold Mines Limited
E79 Gold Mines Limited is a West Australian-based exploration company focused on the mining industry, primarily dealing with copper, gold, and bismuth. The company operates within the highly prolific McArthur Basin in the Northern Territory, controlling an area of 868 square kilometers.
YTD Price Performance: 80.0%
Average Trading Volume: 3,063,312
Technical Sentiment Signal: Hold
See more data about E79 stock on TipRanks’ Stock Analysis page.