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Nickelx Ltd ( (AU:SMX) ) just unveiled an update.
Strata Minerals Limited has successfully raised $1.175 million through an equity placement to fund exploration activities across its gold portfolio, including a maiden drill program at the Zelica Gold Project. The company has also acquired the Zelica South Project, significantly expanding its exploration footprint by 400% and adding over 6km of gold mineralised corridor. This strategic acquisition in the Yundamindra region provides a major discovery opportunity, enhancing Strata’s positioning in a region with multiple million-ounce gold deposits.
More about Nickelx Ltd
Strata Minerals Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily involved in expanding and exploring its gold portfolio, particularly in the Yundamindra region of Western Australia, an area known for large-scale gold deposits.
Average Trading Volume: 844,552
Technical Sentiment Signal: Hold
Current Market Cap: A$6.19M
For an in-depth examination of SMX stock, go to TipRanks’ Overview page.