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An announcement from Resource Mining Corporation Limited ( (AU:RMI) ) is now available.
Resource Minerals International Ltd (RMI) has acquired AuKing Mining’s interest in a joint venture in Saudi Arabia, securing the Shaib Marqan exploration license. This move positions RMI as one of the few ASX-listed companies with a significant presence in the Saudi exploration sector, enhancing its portfolio of gold and critical minerals assets. The Shaib Marqan license, covering 91.8 km², is highly prospective for gold and base metals, with initial sampling showing promising results. This acquisition strengthens RMI’s exploration capabilities and aligns with the company’s strategy to expand its operations in mineral-rich regions, supported by recent funding arrangements.
More about Resource Mining Corporation Limited
Resource Minerals International Ltd (RMI) is an ASX-listed company engaged in the exploration and development of gold and critical minerals. The company is strategically positioned to capitalize on the growing investment in mineral exploration, particularly in regions like Saudi Arabia, Tanzania, and Finland.
Average Trading Volume: 2,162,141
Technical Sentiment Signal: Hold
Current Market Cap: A$13.05M
For detailed information about RMI stock, go to TipRanks’ Stock Analysis page.