Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Rox Resources Limited ( (AU:RXL) ) has shared an announcement.
High-Tech Metals Limited, a company involved in gold exploration and development, has completed the acquisition of the Mt Fisher and Mt Eureka Gold Projects from Rox Resources Limited. This acquisition provides High-Tech with a significant landholding in Western Australia’s Northern Goldfields, including a JORC Mineral Resource Estimate of 187,000 ounces of gold. The company plans to initiate extensive exploration and drilling campaigns to further develop these assets, positioning itself to transition from exploration to development. The acquisition and subsequent exploration activities are expected to enhance High-Tech’s industry positioning and create value for stakeholders.
The most recent analyst rating on (AU:RXL) stock is a Buy with a A$0.51 price target. To see the full list of analyst forecasts on Rox Resources Limited stock, see the AU:RXL Stock Forecast page.
More about Rox Resources Limited
Average Trading Volume: 2,008,017
Current Market Cap: A$212.4M
Find detailed analytics on RXL stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue