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NewPeak Metals Ltd. ( (AU:NPM) ) has issued an update.
NewPeak Metals Ltd. has announced the acquisition of Goldstrike Mining Pty Ltd, the sole owner of the Tansey Gold Project, located approximately 190km northwest of Brisbane. This acquisition, valued at A$200,000 in shares and A$50,000 in cash, aims to create a district-scale gold project with potential for Gympie-style gold mineralization. The project includes the historic South Burnett underground gold mine, which has produced significant quantities of gold and silver. NewPeak plans to conduct an IP survey, drilling, and low-cost exploration to enhance understanding of the regional geology. This acquisition complements NewPeak’s increased focus on its Argentinian gold projects and is expected to strengthen its position in the gold mining industry.
More about NewPeak Metals Ltd.
NewPeak Metals Ltd. is a company operating in the mining industry, focusing on the exploration and development of gold projects. Its market focus includes expanding its portfolio of gold assets, particularly in Australia and Argentina.
Average Trading Volume: 341,111
Technical Sentiment Signal: Sell
Current Market Cap: A$6.76M
See more data about NPM stock on TipRanks’ Stock Analysis page.