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Gibb River Diamonds Limited ( (AU:GIB) ) has provided an update.
Gibb River Diamonds Limited has secured an agreement with BML Ventures Pty Ltd for open pit gold mining at the Neta Prospect, part of the Edjudina Gold Project, allowing for a 50/50 profit split and minimal financial exposure. The company is also preparing to re-commence production at the Ellendale Diamond Project, indicating a strategic focus on advancing its mining operations and securing commercial deals to enhance its project developments.
More about Gibb River Diamonds Limited
Gibb River Diamonds Limited operates in the mining industry, focusing on diamond and gold mining projects. The company is involved in the development of the Ellendale Diamond Project and the Edjudina Gold Project, with a market focus on mineral exploration and production.
YTD Price Performance: 50.0%
Average Trading Volume: 160,564
Technical Sentiment Signal: Buy
Current Market Cap: A$12.87M
Find detailed analytics on GIB stock on TipRanks’ Stock Analysis page.