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The latest announcement is out from Megado Gold Ltd. ( (AU:MEG) ).
Megado Minerals Limited has made significant progress in acquiring the Iberian Copper Project, located in Northern Spain, which includes 12 permits covering a historically copper-rich area. The company plans to seek shareholder approval for this acquisition at an upcoming AGM. The project offers a substantial economic advantage due to access to historical exploration data and samples, which will expedite the commencement of drilling activities. Additionally, Megado is planning geological mapping activities to explore gold potential at its Cyclone Gold and Lithium Project, with a healthy cash reserve of A$2.59 million as of March 2025.
More about Megado Gold Ltd.
Megado Minerals Limited is an Australian company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects related to copper, gold, and lithium, with a market focus on expanding its mineral asset base.
YTD Price Performance: -35.29%
Average Trading Volume: 358,497
Technical Sentiment Signal: Buy
Current Market Cap: A$4.62M
See more insights into MEG stock on TipRanks’ Stock Analysis page.