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Megado Gold Ltd. ( (AU:MEG) ) just unveiled an update.
Megado Minerals Limited has completed the acquisition of 80% of Iberian Copper Pty Ltd, which owns the Iberian Copper Project in Spain. The project spans 956 square kilometers and includes multiple former copper and silver mines. The company is preparing for a maiden drilling campaign in Q4 2025, supported by geological mapping and airborne geophysics. An agreement with the University of Aragón enhances their exploration efforts, and the company has received $144k from its Chairman for shares. This acquisition positions Megado to control a significant copper and silver belt, potentially impacting their operations and market standing.
More about Megado Gold Ltd.
Megado Minerals Limited is a company in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include copper and silver, with a market focus on historically productive mining regions.
Average Trading Volume: 416,152
Technical Sentiment Signal: Sell
Current Market Cap: A$5.46M
See more insights into MEG stock on TipRanks’ Stock Analysis page.