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The latest update is out from Tyranna Resources Limited ( (AU:TYX) ).
Tyranna Resources Limited has acquired a 75% interest in the Chinguar Gold Project in central Angola, which spans 3,342 square kilometers. This acquisition is strategically significant due to the global demand for gold and the potential for discovering primary gold sources in the region. The project benefits from recent government geological mapping and surveys, which aid in targeting exploration efforts. The presence of garimpo operations suggests the likelihood of deeper gold deposits, and the project’s location offers excellent logistical access.
More about Tyranna Resources Limited
Tyranna Resources Limited is a company involved in the exploration and development of mineral resources, focusing on metals with high demand. The company is actively expanding its portfolio by acquiring significant projects in emerging markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$18.38M
For a thorough assessment of TYX stock, go to TipRanks’ Stock Analysis page.