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Woomera Mining Ltd. ( (AU:OB1) ) just unveiled an update.
Sarama Resources Ltd. has signed a non-binding Heads of Agreement to acquire a majority interest in the Mt Venn Project, located in the prolific Laverton Gold District of Western Australia. This acquisition, along with the recently acquired Cosmo Project, positions Sarama to explore a combined area of 1,000km². The Mt Venn Project is notable for its underexplored belt-scale landholding, favorable structural setting for mineralization, and potential for both gold and base metal discoveries. This expansion is expected to enhance Sarama’s chances of making significant discoveries, leveraging existing infrastructure and regional mining activities.
More about Woomera Mining Ltd.
Sarama Resources Ltd. operates in the mining industry with a focus on gold exploration. The company is actively engaged in acquiring and developing gold projects, particularly in regions known for their significant gold endowment, such as the Laverton Gold District in Western Australia.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$4.33M
See more data about OB1 stock on TipRanks’ Stock Analysis page.
