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Inca Minerals Limited ( (AU:ICG) ) has issued an announcement.
Inca Minerals Limited has successfully taken over Stunalara Metals Limited, securing over 94% ownership, which enhances its exploration capabilities with new high-grade gold and antimony projects, particularly the Hurricane Project in North Queensland. The company has raised $1.1 million to fund drilling at Hurricane, where high-grade gold and antimony have been confirmed through rock chip sampling. This strategic acquisition and capital raise bolster Inca’s position in the mineral exploration sector, with potential implications for stakeholders as the company expands its exploration footprint.
More about Inca Minerals Limited
Inca Minerals Limited is a company focused on mineral exploration, particularly in high-grade gold and antimony. The company has expanded its exploration portfolio to include projects in Queensland, Tasmania, and Western Australia, positioning itself as a significant player in the mineral exploration industry.
Average Trading Volume: 5,000
Technical Sentiment Signal: Buy
Current Market Cap: A$14.55M
For detailed information about ICG stock, go to TipRanks’ Stock Analysis page.