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Manhattan Corporation ( (AU:MHC) ) has provided an announcement.
Manhattan Corporation Ltd has successfully completed a $2.2 million placement to advance its Hook Lake Project, issuing over 111 million new shares. The company has commenced field activities, including geological mapping and rock chip sampling, and has commissioned an airborne magnetics survey to refine the project’s structural setting. These efforts aim to fast-track the Turquetil deposit to a JORC Compliant Resource and evaluate other mineral occurrences, potentially enhancing the company’s resource base and market positioning.
More about Manhattan Corporation
Manhattan Corporation Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in projects that target orogenic gold and polymetallic VMS occurrences, with a particular emphasis on under-explored banded iron formation hosted gold potential.
YTD Price Performance: 36.84%
Average Trading Volume: 1,557,712
Technical Sentiment Signal: Sell
Current Market Cap: A$11.59M
For an in-depth examination of MHC stock, go to TipRanks’ Overview page.