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Kali Metals Limited ( (AU:KM1) ) has issued an update.
Kali Metals Limited has entered into a binding agreement to acquire two new tenements, E45/6429 and E45/6430, from Florance Resources Pty Ltd, expanding its Marble Bar Project by approximately 19 square kilometers. This acquisition strengthens Kali’s position in the Pilbara region, a highly prospective area for gold exploration, especially as gold prices reach record highs. The company aims to capitalize on promising exploration results, including significant gold-bearing quartz veins identified at the Sherman and Tiger Prospects, to define potential gold targets for future drilling.
More about Kali Metals Limited
Kali Metals Limited operates in the mining industry, focusing on gold and lithium exploration. The company is actively expanding its presence in the Pilbara region of Australia, with a primary emphasis on enhancing its Marble Bar Gold-Lithium Project.
YTD Price Performance: -35.00%
Average Trading Volume: 116,795
Technical Sentiment Consensus Rating: Strong Buy
Learn more about KM1 stock on TipRanks’ Stock Analysis page.