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Evergreen Lithium Ltd. ( (AU:EG1) ) has issued an announcement.
Evergold Minerals reported strong March quarter activity as it completed the acquisition of 100% of the Mt Monger Gold Project, consolidating its position over the Bare Hill Shear Zone and advancing exploration with a high-resolution gravity survey and 3D modelling. The company identified a new gold-in-soil anomaly at the Gladiator prospect, with coherent mineralisation trends, and plans RC and co-funded diamond drilling to test priority targets.
At its Leonora Gold Project, Evergold moved to expand its landholding to about 81 square kilometres through a binding deal to acquire the Randwick tenements, with heritage surveys, geochemical work and drill targeting to follow. The explorer also strengthened its balance sheet via a A$5.23 million placement, leaving it with A$2.28 million in cash at quarter-end before remaining funds from the raising, supporting upcoming exploration programs across both projects.
More about Evergreen Lithium Ltd.
Evergold Minerals Limited is an Australian gold exploration company listed on the ASX, focused on advancing early-stage and brownfields projects in Western Australia. Its primary assets include the Mt Monger Gold Project, centred on the Bare Hill Shear Zone, and the Leonora Gold Project, where it is consolidating ground in established goldfields to build a larger, district-scale exploration footprint.
Average Trading Volume: 508,954
Technical Sentiment Signal: Sell
Current Market Cap: A$8.09M
For detailed information about EG1 stock, go to TipRanks’ Stock Analysis page.