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Mt Malcolm Mines NL ( (AU:M2M) ) has issued an announcement.
Mt Malcolm Mines NL has executed a formal agreement to acquire major components of the Brightstar processing facility from Absolute West Pty Ltd. This acquisition includes a 500,000 tpa carbon-in-leach gold processing plant, positioning the company as one of the few ASX-listed juniors with such capabilities. The plant, which is relocation-ready, offers a strategic advantage in the tightly held processing capacity environment of Leonora and provides a pathway to self-sufficient gold production. The acquisition is expected to deliver cash flow potential through toll-milling and support the company’s growth in gold inventory.
The most recent analyst rating on (AU:M2M) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Mt Malcolm Mines NL stock, see the AU:M2M Stock Forecast page.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL is an ASX-listed junior mining company focused on gold exploration and development in Australia. The company is engaged in expanding its gold inventory and enhancing its operational capabilities within the prolific gold regions of the country.
Average Trading Volume: 1,186,426
Technical Sentiment Signal: Sell
Current Market Cap: A$6.2M
Find detailed analytics on M2M stock on TipRanks’ Stock Analysis page.