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An announcement from Sunshine Gold Ltd ( (AU:SHN) ) is now available.
Lion Selection Group Limited has committed to a $1.0M investment as part of a $5M placement in Sunshine Metals, which will increase Lion’s shareholding to 9.2%. Sunshine Metals is advancing its gold production opportunities at Liontown and exploring high-grade targets at Sybil, with the market showing interest in their progress, especially in high-grade gold exploration.
More about Sunshine Gold Ltd
Sunshine Metals is a North Queensland-based company focused on gold and base metals projects, particularly at the Liontown site. The company is exploring the potential for small-scale gold production from high-grade gold portions of its mineral resources and is actively engaged in exploration activities at the Sybil site.
Average Trading Volume: 6,746,546
Technical Sentiment Signal: Hold
Current Market Cap: A$31.31M
See more data about SHN stock on TipRanks’ Stock Analysis page.