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The latest announcement is out from Marvel Gold Ltd. ( (AU:MVL) ).
Marvel Gold Limited has entered into a binding Memorandum of Understanding with Askiya Mineral Resources to sell its Yanfolila Gold Project in Mali for up to US$1.94 million. This strategic move allows Marvel to concentrate on its core asset, the Hanang Gold Project in Tanzania, while Askiya, with a strong local presence, is positioned to advance the Yanfolila project. The transaction involves several payment milestones tied to the project’s exploration success and requires Marvel to ensure the renewal and transfer of mining tenements.
More about Marvel Gold Ltd.
Marvel Gold Limited is an Australian resources company listed on the Australian Securities Exchange, focusing on gold exploration at the Hanang Gold Project in Tanzania. The company has a skilled board and management team with extensive experience in exploration, project development, and mining.
Average Trading Volume: 1,697,297
Technical Sentiment Signal: Hold
Current Market Cap: A$22.71M
For detailed information about MVL stock, go to TipRanks’ Stock Analysis page.