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Metal Hawk Ltd. ( (AU:MHK) ) has shared an announcement.
Mount Burgess Mining NL, a company listed on the ASX under the code MTB, has announced the acquisition of two advanced gold projects from Metal Hawk Limited and Falcon Metals Limited. These acquisitions include the Viking Gold Project, located near Norseman, and the Blair North Project, near Kalgoorlie, both in Western Australia. The projects are expected to enhance Mount Burgess’s position in the gold sector, offering substantial exploration potential. The company has also secured commitments to raise A$900,000 through a share placement, with Metal Hawk and Falcon Metals becoming major shareholders in Mount Burgess. The acquisitions align with Mount Burgess’s strategic plan to expand its project pipeline, and the company aims to commence exploration activities by Q4 2025.
More about Metal Hawk Ltd.
Average Trading Volume: 202,620
Technical Sentiment Signal: Sell
Current Market Cap: A$21.59M
For a thorough assessment of MHK stock, go to TipRanks’ Stock Analysis page.