Woomera Mining Ltd. ( (AU:OB1) ) has issued an update.
Sarama Resources Ltd., a company engaged in the mining industry, has executed a binding agreement to acquire a majority interest in the Mt Venn Gold Project located in the Eastern Goldfields of Western Australia. This acquisition, combined with their recent acquisition of the Cosmo Project, creates a significant 1,000km² exploration position in the prolific Laverton Gold District. The Mt Venn Project is strategically positioned near existing gold mines and features a favorable litho-structural setting with historical gold mineralization and potential for base metals and platinum group elements. This expansion enhances Sarama’s potential for significant discoveries, benefiting from the region’s established mining infrastructure.
More about Woomera Mining Ltd.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$4.33M
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