The latest update is out from Gascoyne Resources Limited ( (AU:SPR) ).
Spartan Resources Limited has acquired the remaining 20% interest in exploration tenements at its Dalgaranga Gold Project, securing full ownership and operational flexibility. This acquisition, funded by Spartan’s cash reserves, simplifies their business model and supports future exploration of high-grade deposits, enhancing their strategic positioning in the gold industry.
More about Gascoyne Resources Limited
Spartan Resources Limited is an ASX-listed gold company focused on high-grade gold exploration and development, primarily at the Dalgaranga Gold Project in Western Australia. The company has revitalized this project, which produced over 70,000 ounces of gold in FY2022, by shifting focus to high-grade underground deposits like Never Never and Pepper. Spartan aims to deliver sustainable long-term operations and strong returns for stakeholders through its strategic approach.
YTD Price Performance: 19.35%
Average Trading Volume: 4,190
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.39B
See more insights into SPR stock on TipRanks’ Stock Analysis page.