Manhattan Corporation Partners with Novo for Gold Exploration

Manhattan Corporation (AU:MHC) has released an update.

Manhattan Corporation has entered into a Farm-In Agreement with Novo Resources to explore the promising Northern Tenements of the Tibooburra Gold Project in New South Wales. Novo Resources will invest $1.5 million over two years to earn a 70% stake, enhancing the project’s potential for significant gold discoveries. This collaboration allows Manhattan to focus on its Southern Tibooburra Gold holdings and Chebogue Lithium Project, while Novo brings its experienced exploration team to the table.

For further insights into AU:MHC stock, check out TipRanks’ Stock Analysis page.