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Peregrine Gold Ltd. ( (AU:PGD) ) has provided an update.
Peregrine Gold Limited has commenced an extensive exploration initiative at its Tin Can and Tin Can West prospects, launching soil sampling programs and geophysical surveys to identify new gold targets. The company has also sold the Deadman Flat & Perry Creek Project to Capricorn Metals Ltd for up to A$3.75 million, enhancing its financial position and allowing it to focus on its core projects. The Non-Renounceable Entitlement Issue, aiming to raise up to A$2.5 million, has garnered strong support, signifying confidence from major stakeholders. These developments are expected to impact Peregrine’s operational strategy and potentially strengthen its market position in the gold exploration sector.
More about Peregrine Gold Ltd.
Peregrine Gold Limited is a company within the mining industry, focusing on gold exploration and production. The company is involved in various projects, including the Newman Gold Project, and utilizes advanced methods such as geophysical surveys and soil sampling to enhance its exploration activities.
YTD Price Performance: 7.14%
Average Trading Volume: 59,474
Technical Sentiment Consensus Rating: Sell
See more data about PGD stock on TipRanks’ Stock Analysis page.
