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Marquee Resources Ltd ( (AU:MQR) ) has shared an announcement.
Marquee Resources Ltd has announced a ‘Drill for Equity’ agreement with Rapid Exploration Pty Ltd, a partner of Nexgen drilling company, in which 20 million MQR shares will be issued in exchange for $150,000 worth of drilling services. This strategic move aims to optimize Marquee’s operational expenses while potentially enhancing its resource exploration capabilities, reflecting a significant step in its business strategy.
More about Marquee Resources Ltd
Marquee Resources Ltd is a company involved in the mining and exploration industry, focusing on the development and extraction of mineral resources. The company is known for its strategic partnerships and innovative approaches to resource exploration.
Average Trading Volume: 2,056,609
Technical Sentiment Signal: Sell
Current Market Cap: A$7.26M
Find detailed analytics on MQR stock on TipRanks’ Stock Analysis page.