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Koonenberry Gold Limited ( (AU:KNB) ) just unveiled an update.
Lion Selection Group Limited has increased its stake in Koonenberry Gold to 9.2% by purchasing additional shares from Datt Capital. This investment is driven by promising drilling results at the Enmore project, which indicate a potentially large gold system. Koonenberry’s management has shown strong technical capabilities, and the company’s diverse project portfolio offers further discovery opportunities, making it an attractive investment for Lion.
More about Koonenberry Gold Limited
Koonenberry Gold Limited operates in the mining industry, focusing on gold exploration and development projects. The company is engaged in testing new gold targets, particularly at the Enmore project in North-Eastern New South Wales, and holds a portfolio of 100% owned and joint venture projects across NSW.
Average Trading Volume: 18,652,149
Technical Sentiment Signal: Sell
Current Market Cap: A$32.79M
See more insights into KNB stock on TipRanks’ Stock Analysis page.