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Santa Fe Minerals Ltd. ( (AU:SFM) ) has provided an announcement.
Santa Fe Minerals Ltd. has announced the acquisition of 80% of four gold projects in Côte d’Ivoire from WIA Gold Limited. These projects, which cover a total area of 3,449 square kilometers, include multiple drill-ready gold targets with significant previous drilling results. The acquisition is part of Santa Fe’s strategy to build a strong pipeline of gold projects, ranging from early-stage prospects to ready-to-drill targets. The company has also secured commitments to raise $6 million, subject to shareholder approval, to support this expansion.
More about Santa Fe Minerals Ltd.
Santa Fe Minerals Ltd. is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is expanding its market focus in West Africa, particularly in Côte d’Ivoire, where it is acquiring several promising gold projects.
Average Trading Volume: 74,281
Technical Sentiment Signal: Buy
Current Market Cap: A$29.33M
See more insights into SFM stock on TipRanks’ Stock Analysis page.