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An announcement from AuKing Mining Ltd ( (AU:AKN) ) is now available.
RMI has acquired AuKing Mining Ltd’s interest in a joint venture in Saudi Arabia, specifically the Shaib Marqan exploration project. This acquisition positions RMI as one of the few ASX-listed companies with a significant presence in the Saudi exploration sector. The Shaib Marqan licence, covering 91.8 km², is highly prospective for gold and base metals, and RMI is set to commence exploration activities. This strategic move is expected to enhance RMI’s portfolio and strengthen its market position in the minerals exploration industry.
More about AuKing Mining Ltd
Resource Minerals International Ltd (RMI) is an ASX-listed company engaged in the exploration and development of mineral resources. The company focuses on gold and critical minerals, with operations in Saudi Arabia, Tanzania, and Finland.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.78M
For a thorough assessment of AKN stock, go to TipRanks’ Stock Analysis page.