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Koonenberry Gold Limited ( (AU:KNB) ) just unveiled an update.
Lion Selection Group Limited has committed to investing $1.0 million in Koonenberry Gold as part of a $5.0 million placement. This investment follows Koonenberry’s successful drilling results at Enmore, which have shown promising gold intersections, indicating a potentially large mineralization target. The funding will support Koonenberry in further exploring and defining this new zone of mineralization, strengthening its position in the market and offering significant value creation potential for stakeholders.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. It is engaged in exploring new mineral discoveries, particularly in Northern New South Wales, with a strategic emphasis on exploiting prospective belts and well-considered targets.
Average Trading Volume: 14,567,274
Technical Sentiment Signal: Buy
Current Market Cap: A$63.07M
See more data about KNB stock on TipRanks’ Stock Analysis page.