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The latest announcement is out from Hammer Metals Limited ( (AU:HMX) ).
Hammer Metals Limited has announced the lapse of 3 million performance rights as the required conditions for vesting, based on new JORC 2012 compliance mineral resource estimates, were not met. The company assures stakeholders of its adherence to ASX listing rules and has communicated the necessary disclosure requirements to its directors, emphasizing confidence in its existing compliance arrangements.
More about Hammer Metals Limited
Hammer Metals Limited (ASX: HMX) is a mineral exploration company with a strategic tenement position covering approximately 2,800 km2 within the Mount Isa mining district. The company holds 100% interests in several copper-gold deposits, including Kalman, Overlander North and South, Lakeview, and Elaine, and a 51% interest in the Jubilee deposit. Hammer Metals is focused on discovering large copper-gold deposits similar to the Ernest Henry style and has a range of prospective targets at various stages of testing. Additionally, Hammer holds a 100% interest in the Bronzewing South Gold Project located in the Yandal Belt of Western Australia.
YTD Price Performance: -12.50%
Average Trading Volume: 150
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.33M
See more data about HMX stock on TipRanks’ Stock Analysis page.
