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The latest update is out from Cosmo Metals Limited ( (AU:CMO) ).
Cosmo Metals Ltd has announced an agreement to acquire the Bingara and Nundle gold-antimony and copper projects in New South Wales, Australia. This strategic acquisition involves highly prospective areas for orogenic gold and VMS/intrusion-related copper-gold, with historic evidence of significant mineralization. The company plans to conduct initial exploration activities, including geophysical surveys and geological mapping, funded through a non-renounceable entitlements offer expected to raise $1.6 million. This move aims to strengthen Cosmo’s position in the mining sector, potentially enhancing its market presence and offering promising opportunities for stakeholders.
More about Cosmo Metals Limited
Cosmo Metals Ltd is a company in the mining industry, focusing on the exploration and development of mineral resources. Its primary products are gold, antimony, and copper, with a market focus on high-grade mineral projects in Australia.
YTD Price Performance: -22.73%
Average Trading Volume: 96,275
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on CMO stock on TipRanks’ Stock Analysis page.
