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Inca Minerals Limited ( (AU:ICG) ) has shared an announcement.
Inca Minerals Limited has announced a binding agreement to acquire Stunalara Metals Limited through an off-market takeover bid. This acquisition will see Stunalara shareholders receiving approximately 300 million Inca shares, representing about 22.6% of Inca post-bid completion. Stunalara’s assets include the high-grade gold and gold-antimony Hurricane exploration project in North Queensland, which features multiple undrilled prospects with significant gold and antimony grades. This strategic move is expected to enhance Inca’s resource portfolio and strengthen its market position in the gold and antimony sectors.
More about Inca Minerals Limited
Inca Minerals Limited is a company in the exploration industry, focusing on acquiring and developing high-grade gold and antimony projects. Its operations are primarily centered in Australia, with interests in Northern Queensland, Tasmania, and Western Australia.
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.55M
Find detailed analytics on ICG stock on TipRanks’ Stock Analysis page.