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The latest update is out from Great Northern Minerals Limited ( (AU:GNM) ).
Great Northern Minerals Limited announced the completion of the third earn-in stage under a binding share sale agreement involving Great Eastern Gold Ltd and Golden Ant Mining Pty Ltd. With the receipt of $1,300,000, Great Eastern Gold has increased its stake to 63% in Golden Ant, with the potential to reach 90% upon further payment. This strategic transaction enhances Great Eastern Gold’s mining position in Queensland and Western Australia, with implications for increased gold production and potential growth in the region.
More about Great Northern Minerals Limited
Great Northern Minerals Limited is an ASX-listed mineral explorer and developer with projects in Finland and Australia. The company has a history of gold production from the Amanda Bell Goldfield and aims to develop a new gold camp in North Queensland based on the Golden Ant Project. Additionally, GNM has acquired two prospective lithium projects in southern Finland covering a significant area and containing rare metal pegmatites.
Average Trading Volume: 1,005,667
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.22M
For an in-depth examination of GNM stock, go to TipRanks’ Stock Analysis page.
