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The latest announcement is out from Shree Minerals Limited ( (AU:CTN) ).
Forrestania Resources has entered into a binding asset swap with Catalina Resources that will see Forrestania acquire the Laverton Project, comprising three exploration licences adjacent to its existing tenure in the Eastern Goldfields, while divesting its Breakaway Dam copper and lithium exploration licence to Catalina. In exchange, Forrestania will receive a significant equity stake of about 10% in Catalina, plus a series of options, enabling it to offload a non-core copper asset yet retain exposure to potential copper and gold upside through Catalina’s exploration of Breakaway Dam and other greenstone belts, while strategically expanding and consolidating its gold-focused footprint around the Lake Johnston area within the Eastern Goldfields Hub.
The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Shree Minerals Limited stock, see the AU:CTN Stock Forecast page.
More about Shree Minerals Limited
Forrestania Resources Limited is an ASX-listed mineral exploration company focused on gold, copper and lithium prospects in Western Australia, with a particular emphasis on building its Eastern Goldfields Hub north of Kalgoorlie across districts such as Leonora, Menzies and Laverton.
Average Trading Volume: 255,528
Technical Sentiment Signal: Sell
Current Market Cap: A$9.71M
See more data about CTN stock on TipRanks’ Stock Analysis page.