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An announcement from Sunshine Gold Ltd ( (AU:SHN) ) is now available.
Sunshine Metals Limited has secured $5 million in funding to accelerate its exploration activities at the Sybil and Liontown gold projects. The funds will be used for drilling and geophysical programs at Sybil and to complete the Liontown gold study, which includes metallurgical test work and resource updates. This financial boost, supported by major shareholder Lion Selection Group Ltd, positions Sunshine Metals for a period of increased activity and potential growth, enhancing its standing in the gold exploration sector.
More about Sunshine Gold Ltd
Sunshine Metals Limited is a company in the mining industry, focusing on the exploration and development of gold projects. Its primary activities include the advancement of the Sybil epithermal gold targets and the Liontown gold study, which are part of the Ravenswood Consolidated Project.
Average Trading Volume: 6,746,546
Technical Sentiment Signal: Hold
Current Market Cap: A$31.31M
Learn more about SHN stock on TipRanks’ Stock Analysis page.