The latest announcement is out from Geopacific Resources Limited ( (AU:GPR) ).
Patronus Resources Limited has announced its acquisition of a substantial 15.7% stake in Geopacific Resources Limited, as part of a strategic investment move. This acquisition, along with the interests held by major shareholders Deutsche Balaton and Delphi, will result in a combined relevant interest of 61.8% in Geopacific, potentially enhancing Patronus’s influence and positioning in the industry.
More about Geopacific Resources Limited
Patronus Resources Limited (ASX: PTN) is a development and exploration company focusing on gold, base metals, and uranium in Northern Territory and West Australia. With a gold Mineral Resource exceeding 1.4Moz, the company is strategically positioned with significant projects in Pine Creek Orogen and Leonora region, known for their rich deposits.
YTD Price Performance: -60.0%
Average Trading Volume: 10,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $41.85M
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