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The latest announcement is out from Strickland Metals Ltd ( (AU:STK) ).
Strickland Metals Limited has completed the sale of its Yandal Gold Project in Western Australia to Gateway Mining Limited for A$45 million in Gateway equity. The transaction allows Strickland to focus on its Rogozna Project in Serbia, while distributing the majority of its Gateway shares to its own shareholders, maintaining a 15.7% stake in Gateway. This strategic move is expected to streamline Strickland’s operations and enhance shareholder value, as the company shifts its focus to the promising Rogozna asset.
The most recent analyst rating on (AU:STK) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Strickland Metals Ltd stock, see the AU:STK Stock Forecast page.
More about Strickland Metals Ltd
Strickland Metals Limited is a resource development company operating in the mining industry. The company focuses on exploration and development of mineral projects, with a particular emphasis on gold assets. Strickland is currently directing its efforts towards the Rogozna Project in Serbia, which is considered a Tier-1 asset with significant growth potential.
Average Trading Volume: 3,109,246
Technical Sentiment Signal: Buy
Current Market Cap: A$339.4M
See more data about STK stock on TipRanks’ Stock Analysis page.