Koonenberry Gold Limited Reports Promising Drilling Results and Financial Strength

Koonenberry Gold Limited ( (AU:KNB) ) just unveiled an update.

Koonenberry Gold Limited reported significant progress in its exploration activities during the quarter ending March 31, 2025. At the Enmore Gold Project, the company achieved promising drilling results, including high-grade gold intercepts, and expanded its project area to secure additional targets. The Lachlan Copper-Gold Projects, in partnership with Newmont, also showed encouraging drilling and geochemical results. Financially, the company strengthened its position with a $2 million capital raise and reported a cash balance of $5.35 million, positioning it well for continued exploration efforts.

More about Koonenberry Gold Limited

Koonenberry Gold Limited operates in the mining industry, focusing on the exploration and development of gold and copper-gold projects. The company’s primary projects include the Enmore Gold Project and Lachlan Copper-Gold Projects, with a market focus on expanding their mineral resource base and enhancing shareholder value.

YTD Price Performance: 490.0%

Average Trading Volume: 8,413,049

Technical Sentiment Signal: Sell

Current Market Cap: A$55.52M

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