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Enegex Limited ( (AU:ENX) ) has issued an announcement.
Enegex reported an active March quarter, delivering its first full period of exploration in Côte d’Ivoire, where drilling at the Tougbe project’s Kalama Bave target confirmed a broad, shallow-dipping gold mineralised system and identified a new AW1 target with disseminated-style gold in saprolite. At the nearby Gogo project, power auger results defined a 900m gold anomaly linking existing prospects, trenching highlighted artisanal workings and mineralised felsic volcanics, and a 3,000m reverse circulation program is scheduled for the June quarter.
In Australia, the company advanced its West Yilgarn portfolio with a 49-hole aircore program at the Rocky Ridge prospect, while strengthening its balance sheet via a $10.2 million private placement to fund expanded exploration across its tenure. Post quarter-end, shareholders approved a name change to Famien Resources Limited, underscoring the strategic pivot toward West African gold exploration and signalling a more focused regional identity for investors and other stakeholders.
More about Enegex Limited
Enegex Limited, soon to be renamed Famien Resources Limited, is an ASX-listed mineral exploration company focused on gold projects in Côte d’Ivoire and base metals and gold in Western Australia’s West Yilgarn region. The company is expanding its exploration programs across large landholdings following the acquisition of Famien Resources Pty Ltd in late 2025.
Average Trading Volume: 183,881
Technical Sentiment Signal: Buy
Current Market Cap: A$84.14M
Find detailed analytics on ENX stock on TipRanks’ Stock Analysis page.