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Odin Metals Ltd ( (AU:G11) ) just unveiled an update.
G11 Resources has agreed to acquire two exploration licences, EL6/2024 and EL33/2022, from Iltani Resources for A$150,000, expanding its landholding in Tasmania’s Mt Read Volcanic belt by 119 square kilometres, subject to standard regulatory approvals. The acquisition consolidates G11’s position around its existing Sedgwick tenement north of the Mt Lyell copper-gold mine, where the company’s technical team is preparing to commence drilling at the Zig Zag CSAMT anomaly in 2026, reinforcing Sedgwick as its priority exploration focus and potentially enhancing its exposure to one of Tasmania’s most mineral-endowed districts.
More about Odin Metals Ltd
G11 Resources Ltd is an Australian mineral exploration company focused on base and precious metals, with a particular emphasis on copper and gold. The company holds tenements in Tasmania’s Mt Read Volcanic belt, a globally significant but still underexplored mining region that is strongly supported by the state government and underpinned by 100% renewable energy.
Average Trading Volume: 143,162
Technical Sentiment Signal: Buy
Current Market Cap: A$37.94M
For a thorough assessment of G11 stock, go to TipRanks’ Stock Analysis page.