An announcement from Norwest Minerals Ltd. ( (AU:NWM) ) is now available.
Norwest Minerals Limited has been granted Mining Lease 52/1085 for its Bulgera Gold Project, covering 2,435 hectares, including the historical Bulgera mining center. This development is significant as it positions the company to capitalize on the rising gold prices, which have doubled since the last resource estimate. The company is reviewing options to exploit this asset while deferring a proposed capital raising due to market volatility, ensuring all shareholders can participate in future opportunities.
More about Norwest Minerals Ltd.
Norwest Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the Bulgera Gold Project located in Western Australia, which includes historical gold mining operations.
Average Trading Volume: 535,739
Technical Sentiment Signal: Buy
Current Market Cap: A$4.37M
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