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Uvre Ltd. ( (AU:UVA) ) just unveiled an announcement.
Uvre Limited has announced promising rock chip assay results from its New Zealand gold projects, particularly the Waitekauri project on the North Island and the Oturehua project on the South Island. These results, which include visible gold and high-grade mineralization, pave the way for Uvre’s first drilling program at Waitekauri. The acquisition of Otagold Ltd, which owns these assets, is set to be approved by Uvre shareholders. The transaction will also see the appointment of experienced mining executives Norm Seckold and Peter Nightingale to the Uvre Board. With a strong cash position post-transaction, Uvre is well-funded to proceed with its exploration plans, potentially enhancing its industry positioning and offering significant opportunities for stakeholders.
More about Uvre Ltd.
Uvre Limited is a company involved in the mining industry, focusing on gold exploration and development. The company is in the process of acquiring Otagold Ltd, which owns several gold exploration assets in New Zealand, including the Waitekauri and Oturehua projects.
Average Trading Volume: 125,977
Technical Sentiment Signal: Hold
See more data about UVA stock on TipRanks’ Stock Analysis page.
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