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Lexington Gold ( (GB:LEX) ) has shared an update.
Lexington Gold has announced that its South African subsidiary, Reef Exploration, has been granted a new consolidated Prospecting Right for the Bothaville Project in the Free State Province. This new right, valid for five years and renewable for another three, consolidates previous licenses and covers an area of 18,627.2 hectares. The project has an established JORC-compliant Exploration Target of up to 5.82 million ounces of gold, highlighting its potential as a significant gold exploration asset. This development is a strategic milestone for Lexington Gold, streamlining its operations and enhancing its position in the gold exploration industry.
More about Lexington Gold
Lexington Gold is a gold exploration and development company with interests in multiple projects across South Africa and the USA. The company focuses on exploring and developing gold resources, with a significant presence in the Witwatersrand Basin, one of the world’s most prolific gold-producing regions.
Average Trading Volume: 410,367
Technical Sentiment Signal: Sell
Current Market Cap: £15.45M
For detailed information about LEX stock, go to TipRanks’ Stock Analysis page.