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Zenith Minerals Limited ( (AU:ZNC) ) just unveiled an announcement.
Zenith Minerals Limited has received Turkish regulatory approval for the disposal of its 20% equity interest in the Kavaklitepe Gold Project to Gübretaş Maden Yatırımları A.Ş., securing a cash consideration of approximately A$830,000. This divestment, along with funds from a recent rights issue, will bolster Zenith’s financial resources, enabling accelerated exploration and development of its core gold projects in Australia, particularly the Consolidated Dulcie Gold Project and Red Mountain Copper-Gold Project, thereby enhancing shareholder value.
More about Zenith Minerals Limited
Zenith Minerals Limited is an Australian exploration company focused on advancing high-impact gold projects in Western Australia and Queensland. The company aims to grow its gold resource base through targeted drilling and discovery, with a primary focus on the Consolidated Dulcie Gold Project and the Red Mountain Gold Project. Zenith also maintains interests in battery minerals and zinc-lead-silver projects, applying a disciplined exploration approach to maximize shareholder returns.
Average Trading Volume: 164,345
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$16.94M
Learn more about ZNC stock on TipRanks’ Stock Analysis page.