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Asra Minerals Limited ( (AU:GA8) ) has shared an update.
GoldArc Resources Limited has announced a strategic partnership with BML Ventures Pty Ltd to accelerate the development of the Mt Stirling Project through a Profit Sharing Mining Agreement and a $2.5 million Profit Cash Advance Facility. This partnership allows GoldArc to leverage BMLV’s mining expertise and resources, enabling the company to advance the Mt Stirling Project towards production while preserving capital for further exploration. The agreement is expected to strengthen GoldArc’s financial position and enhance shareholder value by unlocking the potential of the Mt Stirling Project and focusing on high-priority exploration targets.
The most recent analyst rating on (AU:GA8) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Asra Minerals Limited stock, see the AU:GA8 Stock Forecast page.
More about Asra Minerals Limited
GoldArc Resources Limited is a company operating in the mining industry, focusing on the development and operation of gold projects. Their primary market focus is on the exploration and production of gold, with significant projects like the Mt Stirling Project located within the Leonora North Gold Project area.
YTD Price Performance: 209.52%
Average Trading Volume: 2,381,071
Technical Sentiment Signal: Sell
Current Market Cap: A$36.89M
Find detailed analytics on GA8 stock on TipRanks’ Stock Analysis page.