White Energy Company Limited ( (AU:WEC) ) has issued an announcement.
White Energy Company Limited has acquired a 51% majority interest in the Specimen Hill Project in Queensland, as part of its Farm In Agreement with Signature Gold Pty Ltd. This milestone was achieved after spending over $1 million on exploration activities, including soil and rock sampling, and aerial surveys. The project has shown potential for copper and gold mineralization, and further exploration will focus on defining drill targets. The acquisition strengthens White Energy’s position in the mining sector, potentially enhancing its resource portfolio and offering growth opportunities for stakeholders.
More about White Energy Company Limited
White Energy Company Limited operates in the mining and energy sector, focusing on the exploration and development of mineral resources. The company is involved in projects that target copper and gold mineralization, with a market focus on expanding its resource base through strategic acquisitions and exploration activities.
YTD Price Performance: 505.71%
Average Trading Volume: 982
Technical Sentiment Signal: Hold
Current Market Cap: $3.89M
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