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Tyranna Resources Limited ( (AU:TYX) ) has issued an announcement.
Tyranna Resources Limited announced the completion of initial steps to acquire a 70% interest in the Maongo Copper-Gold Project in Angola, marking a significant step in their strategy to target demand-driven metals. The project, located near Namibe, features historical mining sites and modern infrastructure, offering promising exploration opportunities. The company is also reviewing additional acquisition opportunities in Angola, with a strong financial position of $3.36 million in cash reserves and no debt, allowing them to fund exploration activities and pursue their strategic goals.
More about Tyranna Resources Limited
Tyranna Resources Limited is a company operating in the mining industry, focusing on demand-driven metals in Angola. Their primary activities include exploration and acquisition of copper and gold projects, with a market focus on leveraging historical mining sites and modern exploration techniques.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.87M
For a thorough assessment of TYX stock, go to TipRanks’ Stock Analysis page.