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An announcement from Zeus Resources Ltd. ( (AU:ZEU) ) is now available.
Zeus Resources Limited has successfully completed the acquisition of the Casablanca Antimony Project in central Morocco, securing six exploration licenses. The acquisition involved issuing shares and performance rights to the vendor and an introducer’s fee to Janus Capital. The project has shown promising results with high-grade antimony findings, which have already met the vesting conditions for performance rights, leading to the issuance of ordinary shares. This acquisition positions Zeus Resources to strengthen its presence in the antimony market, potentially enhancing its value proposition to stakeholders.
More about Zeus Resources Ltd.
Zeus Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the acquisition and management of exploration licenses, with a particular interest in antimony, a critical mineral used in various industrial applications.
Average Trading Volume: 7,575,211
Technical Sentiment Signal: Sell
Current Market Cap: A$13.63M
See more insights into ZEU stock on TipRanks’ Stock Analysis page.