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Santa Fe Minerals Ltd. ( (AU:SFM) ) has shared an announcement.
Turaco Gold Limited, an ASX-listed company, has entered into an agreement to divest its interest in the Eburnea Gold Project in central Cote d’Ivoire to Santa Fe Minerals Ltd. This strategic move allows Turaco to focus on its Afema Gold Project while retaining a significant stake in Santa Fe, thereby maintaining potential benefits from future exploration successes at Eburnea. The transaction involves Turaco receiving shares and performance rights in Santa Fe, subject to certain conditions, and aligns with Turaco’s recent strategy of divesting non-core assets to generate value and funding.
More about Santa Fe Minerals Ltd.
Average Trading Volume: 49,815
Technical Sentiment Signal: Sell
Current Market Cap: A$2.26M
For detailed information about SFM stock, go to TipRanks’ Stock Analysis page.