Red 5 Limited (AU:VAU) has released an update.
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Vault Minerals Limited, formed from the merger of Red 5 Limited and Silver Lake Resources, has become a significant player in the Australian gold sector, reporting strong financial and operational results for FY24 with a 342% increase in cashflow. The company achieved gold sales of 223,498 ounces and maintains a robust cash position, setting the stage for further growth with plans to enhance production efficiency and explore new opportunities. With a strategic focus on optimizing its assets and expanding its resource base, Vault is poised for continued success in the gold market.
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