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Alicanto Minerals ( (AU:AQI) ) just unveiled an announcement.
Westgold Resources Limited, a company focused on optimizing its portfolio by concentrating on larger, core operating assets, has divested its Mt Henry-Selene Gold Project to Alicanto Minerals Limited for $64.6 million. This strategic move allows Westgold to realize value from a non-core asset and aligns with its corporate strategy, providing shareholders with a mix of cash and potential project upside through a significant shareholding in Alicanto. The transaction positions Westgold to focus on its core operations while Alicanto plans to advance the project, potentially unlocking additional value for stakeholders.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
More about Alicanto Minerals
Average Trading Volume: 1,395,928
Technical Sentiment Signal: Buy
Current Market Cap: A$52.91M
Learn more about AQI stock on TipRanks’ Stock Analysis page.