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The latest update is out from Koonenberry Gold Limited ( (AU:KNB) ).
Koonenberry Gold Limited announced a significant share transaction where new and existing shareholders acquired 97 million shares from Datt Capital, leaving Datt with 35 million shares. The company is well-funded with $10.3 million for its upcoming drilling activities at the Enmore project, which has shown promising results, and is preparing its Lachlan projects for drilling by the end of 2025. This development underscores Koonenberry’s strategic focus on expanding its gold exploration efforts, potentially enhancing its industry position and stakeholder value.
More about Koonenberry Gold Limited
Koonenberry Gold Limited operates in the mining industry, focusing on gold exploration. The company is engaged in developing its Enmore and Lachlan gold projects in New South Wales, aiming to enhance its market presence through successful drilling programs.
Average Trading Volume: 16,690,686
Technical Sentiment Signal: Buy
Current Market Cap: A$45.09M
Learn more about KNB stock on TipRanks’ Stock Analysis page.