G11 Resources Expands Portfolio with Strategic Acquisition of Pacific State Metals

Odin Metals Ltd ( (AU:G11) ) just unveiled an announcement.

G11 Resources Limited has announced its intention to acquire Pacific State Metals, a privately owned company with promising copper and gold projects in Tasmania and New South Wales. This strategic acquisition, pending shareholder approval, will expand G11’s portfolio with projects that have the potential to host significant ore bodies. The acquisition aligns with G11’s focus on copper and gold, complementing its existing Koonenberry project. The transaction involves issuing shares to Pacific State Metals shareholders, and no cash payments or royalties are required. The acquisition is expected to enhance G11’s industry positioning and offer growth opportunities in proven and frontier mineral jurisdictions.

More about Odin Metals Ltd

G11 Resources Limited is a company focused on the exploration and development of copper and gold projects. The company is engaged in acquiring and managing mineral projects, with a particular emphasis on copper and gold resources. Its operations are primarily based in Australia, where it holds interests in several prospective exploration tenements.

Average Trading Volume: 694,527

Technical Sentiment Signal: Sell

Current Market Cap: A$13.53M

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