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Koonenberry Gold Limited ( (AU:KNB) ) just unveiled an update.
Koonenberry Gold Limited has announced a share placement to raise $2 million from institutional investors, including Datt Capital. The funds will be used to accelerate exploration activities at the Enmore and Lachlan projects, including expanding the drilling program at Sunnyside and advancing exploration at Prince of Wales and Breakfast Creek to a drill-ready status. This strategic investment positions Koonenberry to enhance its exploration efforts and potentially increase its value creation in the mining industry.
More about Koonenberry Gold Limited
Koonenberry Gold Ltd is a minerals exploration company focused on discovering gold and copper in promising geological terrains. The company manages significant exploration projects in New South Wales, including the Enmore Gold and Lachlan projects, covering an area of 4,192 square kilometers.
YTD Price Performance: 250.0%
Average Trading Volume: 2,888,845
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$24.48M
For an in-depth examination of KNB stock, go to TipRanks’ Stock Analysis page.
