Labyrinth Resources Boosts Gold Mining Operations

Labyrinth Resources Limited (AU:LRL) has released an update.

Labyrinth Resources Limited has expanded its portfolio through a strategic acquisition and an option agreement, enhancing its gold mining prospects in Australia. By securing a deal to acquire the remaining 49% of Comet Vale and 100% of the Vivien Gold Project, the company aims to bolster its resource inventory and capitalize on underexplored high-grade mines. The company has also raised $2 million through a placement and offers existing shareholders an opportunity to invest further to support these endeavors and advance exploration activities.

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