Zenith Minerals Advances Australian Gold Projects with Strategic Divestment

An announcement from Zenith Minerals Limited ( (AU:ZNC) ) is now available.

Zenith Minerals Limited reported a significant quarter with key advancements in its Australian gold projects. The company completed a 40-hole RC drilling campaign at Dulcie Far North, revealing promising gold intercepts and indicating potential for resource expansion. Additionally, Zenith secured a grant for Red Mountain exploration and signed a Non-Binding Heads of Agreement to divest its interest in the Kavaklitepe Gold Project in Türkiye, allowing it to concentrate on domestic projects. These developments position Zenith for substantial growth in mineral resources and reinforce its strategic focus on domestic opportunities, with a strong financial position to support ongoing exploration and potential acquisitions.

More about Zenith Minerals Limited

Zenith Minerals Limited is an Australian company focused on the exploration and development of gold projects. Its primary operations are centered around two core gold projects in Australia, Dulcie Far North and Red Mountain, with a strategic focus on domestic gold opportunities.

YTD Price Performance: 10.0%

Average Trading Volume: 500

Technical Sentiment Signal: Strong Buy

Current Market Cap: €10.58M

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