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The latest announcement is out from Genmin Ltd. ( (AU:GEN) ).
Genmin Limited announced the resignation of Mr. Michael Arnett as a non-executive director, a role he has held since the company’s ASX listing in 2021. His strategic contributions have been pivotal in positioning Genmin towards transitioning to iron ore production. The board, led by Chairman Greg Lilleyman, has decided not to appoint a replacement, affirming the current composition’s adequacy. This change comes as Genmin focuses on developing its Baniaka project, targeting commercial production and securing financing, marking significant progress in its operations and potential market impact.
More about Genmin Ltd.
Genmin Limited is an emerging African iron ore producer listed on the ASX, focusing on projects in the Republic of Gabon, West Central Africa. The company holds a 100% interest in three projects, including the flagship Baniaka and Bakoumba iron ore projects in southeast Gabon. These projects form an emerging iron ore hub near Franceville, with access to existing transportation and renewable energy infrastructure. Baniaka has received environmental approval and a 20-year mining permit, with commercial production expected to commence in 2026.
YTD Price Performance: -20.0%
Average Trading Volume: 756,105
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$28.36M
For an in-depth examination of GEN stock, go to TipRanks’ Stock Analysis page.
