Cazaly Resources Limited ( (AU:CAZ) ) has provided an announcement.
Sarama Resources Ltd., a company involved in gold exploration, has executed a binding agreement to acquire a majority interest in the Mt Venn Gold Project located in the Eastern Goldfields of Western Australia. This acquisition, along with their recent purchase of the Cosmo Project, consolidates Sarama’s position in the Laverton Gold District, creating a significant 1,000km² exploration area. The Mt Venn Project, known for its historical gold discoveries and potential for base metals, is strategically positioned near existing gold mines and infrastructure, enhancing Sarama’s prospects for economic discoveries.
More about Cazaly Resources Limited
YTD Price Performance: 50.0%
Average Trading Volume: 698,839
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.92M
See more data about CAZ stock on TipRanks’ Stock Analysis page.