Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Askari Metals Limited ( (AU:AS2) ) just unveiled an update.
Forrestania Resources Limited has signed a binding agreement to acquire First Western Gold Pty Ltd, a subsidiary of Askari Metals Limited, which holds the Burracoppin Gold Project in Western Australia. This acquisition aligns with Forrestania’s strategy to consolidate high-quality gold assets in the Southern Cross region, potentially expanding its resource base and advancing towards a future mining lease. The transaction includes a cash and shares consideration of $700,000, along with options that provide Forrestania with exposure to Askari’s African exploration projects.
More about Askari Metals Limited
Askari Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in various projects, including gold and copper exploration, with a significant presence in Africa.
Average Trading Volume: 4,556,461
Technical Sentiment Signal: Sell
Current Market Cap: A$3.82M
For an in-depth examination of AS2 stock, go to TipRanks’ Overview page.