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The latest update is out from Sandfire Resources Limited ( (AU:SFR) ).
Sandfire Resources has issued 4,640,833 new fully paid ordinary shares to Havilah Resources as part of the upfront consideration for advancing the Kalkaroo Copper-Gold Project in South Australia and establishing an exploration alliance in the Curnamona Province. The company confirmed the shares were issued without a prospectus under the Corporations Act, stated it is in compliance with its financial reporting and continuous disclosure obligations, and advised that there is no undisclosed price-sensitive information relevant to this share issue.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$20.40 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
More about Sandfire Resources Limited
Sandfire Resources Limited is an ASX-listed mining company focused on the exploration and development of copper and gold assets. The company pursues growth through project acquisitions and strategic alliances, particularly in highly prospective mineral provinces within Australia and internationally.
Average Trading Volume: 1,921,208
Technical Sentiment Signal: Buy
Current Market Cap: A$8.69B
For an in-depth examination of SFR stock, go to TipRanks’ Overview page.