Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Traka Resources Limited ( (AU:TKL) ) has provided an announcement.
Traka Resources Limited has announced the sale of its non-core Mt Cattlin Gold Project in Western Australia to Prowse Commodities Pty Ltd. The deal includes an upfront cash payment and a 1.0% Net Smelter Return royalty on future gold production, with additional contingent payments based on resource expansion. This move aligns with Traka’s strategic focus on its other gold projects, including a new joint venture in Guinea, and is expected to complete in the second quarter of 2025.
More about Traka Resources Limited
Traka Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company has projects in Australia and has recently entered a joint venture for gold exploration in Guinea.
Current Market Cap: A$4.25M
For an in-depth examination of TKL stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money