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An update from Mining, Minerals & Metals plc ( (GB:GEX) ) is now available.
Georgina Energy has announced an agreement to acquire a 100% interest in EPA155 Mt Winter from Oilco Pty Ltd, a subsidiary of Mosman Oil & Gas, for AU$350,000. This strategic acquisition aligns with Mosman’s recent disposals and allows Georgina to proceed with its exploration plans. The deal will enhance Georgina’s asset portfolio and potentially increase shareholder value, while maintaining the company’s timeline for development. The acquisition includes a modest royalty to Mosman and additional royalties to the Northern Territory Government and the Central Land Council, indicating a commitment to local interests.
More about Mining, Minerals & Metals plc
Georgina Energy Plc is a helium, hydrogen, and natural resources development company based in Australia. The company aims to become a leading player in the global energy market, focusing on establishing itself among the top producers of helium and hydrogen worldwide. Georgina Energy holds interests in two principal onshore projects in Australia: the Hussar Prospect in the Western Australian Officer Basin and the EPA155 Mt Winter Prospect in the Amadeus Basin.
YTD Price Performance: -36.25%
Average Trading Volume: 1,643,413
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.95M
See more data about GEX stock on TipRanks’ Stock Analysis page.
