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Caspin Resources Ltd. ( (AU:CPN) ) just unveiled an update.
Lion Selection Group Limited has committed to a $0.75 million investment in Caspin Resources as part of a larger $4.6 million placement. This investment will make Lion a 4.1% shareholder in Caspin, which has been advancing its Bygoo Tin Project with promising exploration results, including a maiden inferred mineral resource estimate and ongoing metallurgical test work. The investment is expected to enhance Caspin’s operational capabilities and support its exploration initiatives, potentially increasing its market positioning in the base metals sector.
More about Caspin Resources Ltd.
Caspin Resources Ltd. is a company focused on the exploration and development of mineral resources, primarily tin and gold. Its key project is the Bygoo Tin Project in southwestern New South Wales, which involves exploring greisen-style tin mineralization around the historical Ardlethan tin mine. The company is also involved in the Weethalle Gold Project, targeting an intrusive-related gold system.
Average Trading Volume: 489,616
Technical Sentiment Signal: Buy
Current Market Cap: A$15.13M
See more data about CPN stock on TipRanks’ Stock Analysis page.