Pan Asia Metals Ltd. ( (AU:FLG) ) has issued an announcement.
Flagship Minerals Limited has entered into a binding Option Agreement to purchase 100% of the Pantanillo Gold Project, an advanced gold exploration project located in the Maricunga Gold Belt, Northern Chile. The project hosts a qualifying foreign estimate of 47.4 million tonnes at 0.69g/t gold for 1.05 million ounces of gold, with most of it amenable to heap leach processing. This acquisition positions Flagship strategically in a region with significant gold production and low-cost operations, enhancing its potential for future feasibility and production.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is a company operating in the mining industry, focusing on gold exploration and production. The company is engaged in acquiring and developing mineral projects, particularly in prolific gold regions like the Maricunga Gold Belt in Chile.
YTD Price Performance: -21.05%
Average Trading Volume: 61,727
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$9.16M
See more data about FLG stock on TipRanks’ Stock Analysis page.