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Kendrick Resources PLC ( (GB:KEN) ) has shared an announcement.
Kendrick Resources PLC has exercised its option to acquire the Blue Fox Licence in northwest Zambia, committing to invest at least USD 500,000 in exploration over the next 30 months. This strategic move is part of Kendrick’s broader strategy to expand its resource project portfolio in regions where it has significant expertise, and the company is actively seeking financing to support this initiative.
More about Kendrick Resources PLC
Kendrick Resources PLC is a mineral exploration and development company focusing on resource projects in Southern Africa. The company is involved in exploring and developing mineral licenses, with a particular emphasis on areas where it has expertise, such as the External Fold and Thrust Belt in northwest Zambia.
Average Trading Volume: 1,701,429
Technical Sentiment Signal: Buy
Current Market Cap: £1.01M
See more insights into KEN stock on TipRanks’ Stock Analysis page.