Comet Resources enhances copper exposure by completing acquisition of Northern Territory projects
With copper prices touching records highs, the company believes it is a great time to add to its portfolio with advanced and early-stage copper projects with gold and base metals as well. Analysts believe copper prices will continue to strengthen due to increased global demand.
Comet Resources Limited (ASX:CRL) has finalised due diligence and completed the acquisition of a portfolio of highly prospective copper assets from Bath Resources Pty Ltd in Australia’s Northern Territory, with added gold-zinc-silver-lead.
Assets included in the acquisition are Oonagalabi Copper-Zinc Project, Paradise Well Copper-Gold Prospect and Silver Valley Copper-Gold-Silver-Lead Prospect.
Comet Resources Limited to enhance portfolio by acquiring prospective copper-gold and base metals assets in NT proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
KGL Resources (ASX:KGL) enters trading halt ahead of capital raise
KGL Resources (KGL) has entered a trading halt ahead of an upcoming capital raise
Currently, there is no information about how much the company is aiming to raise and where the funds will be spent
Company shares will be paused until Monday, February 22, or when more information is released to the market
KGL is currently developing the Jervois Copper Project in the Northern Territory, which recently received the green tick for its mining management plan from the NT Government
On the market, KGL last traded for 46 cents per share on February 18