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Austin Metals Limited ( (AU:AYT) ) just unveiled an update.
Kingfisher Mining Limited, a company focused on exploration and development of mineral resources, has entered into a Binding Agreement with Austin Metals Ltd for the acquisition of a portfolio of copper-gold, gold, and silver-lead-zinc projects in New South Wales. This acquisition includes eleven tenements covering approximately 700 square kilometers in regions known for their rich mineral deposits. The strategic acquisition is valued at $400,000, split equally between cash and shares, and is expected to enhance Kingfisher’s exploration opportunities and provide access to a pipeline of early-stage and advanced metal targets. This move positions Kingfisher favorably within the industry by expanding its asset portfolio and increasing its exposure to critical and precious metals.
More about Austin Metals Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$4.75M
Learn more about AYT stock on TipRanks’ Stock Analysis page.