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Avenira Limited ( (AU:AEV) ) has shared an update.
Avenira Limited reports significant progress for the quarter ending December 2024, marked by the completion of a strategic investment by Hebang Biotechnology and advancements in the Wonarah Phosphate Project. The company finalized a A$4.5 million investment from Hebang, which was used to repay a loan facility, and lodged a revised Mine Management Plan targeting Direct Shipping Ore production. These initiatives, including infrastructure developments and environmental assessments, are pivotal for achieving near-term cashflow and supporting long-term growth.
More about Avenira Limited
Avenira Limited operates in the mining industry, focusing on the development and production of phosphate products. The company is involved in projects like the Wonarah Phosphate Project, with strategic investments aimed at enhancing its operations and market positioning.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $15.76M
Learn more about AEV stock on TipRanks’ Stock Analysis page.
