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Hastings Technology Metals Limited ( (AU:HAS) ) has issued an update.
Metal Bank Limited has signed a binding agreement with Hastings Technology Metals Limited to acquire Hastings’ gold assets, which include interests in the Whiteheads Gold Project, Ark Gold Project, and Darcy’s gold project. This acquisition is part of Metal Bank’s strategy to enhance its gold portfolio in Western Australia. The agreement involves issuing shares valued at $2.3 million to Hastings, subject to shareholder approvals. The acquisition is expected to bolster Metal Bank’s operations and market positioning in the gold mining sector. Concurrently, Metal Bank is progressing with its scoping study for the Livingstone project, while Hastings has commenced drilling at the Seven Leaders prospect to advance the Whiteheads Project.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
More about Hastings Technology Metals Limited
Average Trading Volume: 229,438
Technical Sentiment Signal: Sell
Current Market Cap: A$66.41M
See more data about HAS stock on TipRanks’ Stock Analysis page.