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Kendrick Resources PLC ( (GB:KEN) ) just unveiled an update.
Kendrick Resources PLC has entered into an option and joint venture agreement for the Blue Fox Licence in northwest Zambia, a region known for its rich copper deposits. This strategic move aims to explore and potentially develop the site, which is located in a highly prospective area adjacent to significant copper mineralization. The agreement outlines a 70/30 joint venture with Cooperlemon Consultancy Limited, with Kendrick committing to an initial expenditure of USD 500,000 for exploration. The partnership could enhance Kendrick’s position in the mining industry, potentially increasing its stake in the project and impacting stakeholders positively by expanding its resource base.
More about Kendrick Resources PLC
Kendrick Resources PLC is a mineral exploration and development company focusing on copper and base metals projects in Southern Africa. The company leverages its extensive knowledge base and experienced geological personnel to identify and develop prospective mining opportunities.
Average Trading Volume: 1,776,654
Technical Sentiment Signal: Sell
Current Market Cap: £659.8K
For an in-depth examination of KEN stock, go to TipRanks’ Stock Analysis page.