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The latest update is out from Consolidated Zinc Limited ( (AU:YAR) ).
Yari Minerals Limited has issued 47,206,997 fully paid ordinary shares and 86,045,322 Consideration Performance Rights, as announced in compliance with the Corporations Act 2001. The shares were issued without disclosure to investors under Part 6D.2 of the Act, and the company confirms compliance with relevant provisions of the Act. This move is part of Yari’s ongoing efforts to strengthen its capital structure and enhance its operational capabilities, potentially impacting its market positioning and stakeholder interests.
More about Consolidated Zinc Limited
Yari Minerals Limited (ASX: YAR) is a company engaged in the exploration and development of coal and mineral resources. It owns the Rolleston South Coal Project in Queensland’s Bowen Basin, which holds a JORC (2012) Inferred Mineral Resource of 151.0 MT of high-quality thermal coal. The project is strategically located with access to significant infrastructure for export. Additionally, Yari holds a 100% interest in the Pilbara Projects in Western Australia, consisting of five exploration licenses.
Average Trading Volume: 2,444,074
Technical Sentiment Signal: Sell
Current Market Cap: A$6.89M
For a thorough assessment of YAR stock, go to TipRanks’ Stock Analysis page.