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Regis Resources Acquires Southern Star Prospect and Forms Strategic Alliance

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Regis Resources Acquires Southern Star Prospect and Forms Strategic Alliance

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The latest announcement is out from Regis Resources Limited ( (AU:RRL) ).

Regis Resources Limited has announced the acquisition of the Southern Star gold prospect from Great Southern Mining Limited for up to A$9 million. This transaction includes an upfront payment and contingent payments based on gold price thresholds and further mineral discoveries. The acquisition strategically enhances Regis’ operations near its Ben Hur open pit, while a new data-sharing alliance with Great Southern Mining aims to expedite discoveries in the Duketon Greenstone Belt, potentially benefiting both companies and their stakeholders.

The most recent analyst rating on (AU:RRL) stock is a Hold with a A$2.05 price target. To see the full list of analyst forecasts on Regis Resources Limited stock, see the AU:RRL Stock Forecast page.

More about Regis Resources Limited

Regis Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is strategically positioned in the Duketon Greenstone Belt, where it has developed significant gold resources and processing infrastructure.

YTD Price Performance: 75.29%

Average Trading Volume: 4,228,155

Technical Sentiment Signal: Buy

Current Market Cap: A$3.38B

Learn more about RRL stock on TipRanks’ Stock Analysis page.

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