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The latest announcement is out from Golden Cross Resources ( (TSE:AUX) ).
Golden Cross Resources has successfully closed a C$5 million private placement, with a significant C$2 million investment from Jupiter Asset Management, a UK-based fund management group. The funds will be used to accelerate exploration and development at the Reedy Creek gold project, enhancing Golden Cross’s operational capabilities and potentially strengthening its position in the mineral exploration industry.
More about Golden Cross Resources
Golden Cross Resources is a Canadian mineral exploration company focused on advancing its 100% owned Reedy Creek high-grade gold project in Victoria, Australia. The project comprises two tenements located approximately 10 km northeast of Southern Cross Gold’s Sunday Creek gold discovery.
Average Trading Volume: 212,435
Technical Sentiment Signal: Buy
Current Market Cap: C$35.61M
For a thorough assessment of AUX stock, go to TipRanks’ Stock Analysis page.