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Austin Metals Limited ( (AU:AYT) ) just unveiled an announcement.
Kingfisher Mining Limited has completed the acquisition of a strategic portfolio of Copper-Gold, Gold, and Silver-Lead-Zinc projects from Austin Metals Limited, located in the Broken Hill, Cobar, and Macquarie Arc regions of New South Wales. This acquisition, approved by shareholders and following thorough due diligence, positions Kingfisher to immediately commence exploration activities, with drilling set to begin at the Copper Blow Project. The acquisition strengthens Kingfisher’s exploration capabilities and enhances its exposure to critical and precious metal targets, with a post-acquisition cash balance of approximately $2.7 million.
More about Austin Metals Limited
Kingfisher Mining Limited (ASX:KFM) is a mineral exploration company focused on acquiring, exploring, and developing mineral resource projects across Australia. The company holds a significant portfolio of early-stage and advanced Copper-Gold and Silver-Lead-Zinc projects in New South Wales, covering approximately 700km2 across three proven mining districts, as well as tenements in the underexplored Gascoyne Mineral Field in Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.51M
Find detailed analytics on AYT stock on TipRanks’ Stock Analysis page.