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Asra Minerals Limited ( (AU:GA8) ) has issued an update.
GoldArc Resources Limited has entered into a strategic partnership with Mineral Mining Services Pty Ltd to expedite the development of its Leonora South Gold Project in Western Australia. The collaboration involves a proposed joint venture and a drill-for-equity agreement, providing a low-capital pathway to commercialise the Orion and Sapphire gold resources. This move aims to unlock value from existing assets and generate non-dilutive cash flow, allowing GoldArc to focus on larger exploration opportunities while MMS manages development and operations.
More about Asra Minerals Limited
GoldArc Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in the commercialisation of gold projects, with a market focus on leveraging existing mineral resources while exploring high-priority opportunities across its portfolio.
YTD Price Performance: 128.57%
Average Trading Volume: 3,080,770
Technical Sentiment Signal: Sell
Current Market Cap: A$27.24M
For an in-depth examination of GA8 stock, go to TipRanks’ Overview page.