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Kendrick Resources PLC ( (GB:KEN) ) has issued an announcement.
Kendrick Resources PLC has entered into an option and joint venture agreement for the Blue Fox Licence in northwest Zambia, a region known for its rich copper deposits. This strategic move aims to explore and potentially develop the area, with Kendrick committing to a significant expenditure for exploration. The agreement outlines a potential joint venture structure with Cooperlemon Consultancy Limited, which could impact Kendrick’s operational capacity and market positioning in the mining sector.
More about Kendrick Resources PLC
Kendrick Resources PLC is a mineral exploration and development company focused on identifying opportunities in copper, base, and critical metals projects, particularly in Southern Africa. The company leverages a substantial knowledge base and experienced geological personnel to explore highly prospective regions like the External Fold and Thrust Belt in northwest Zambia.
Average Trading Volume: 1,776,654
Technical Sentiment Signal: Sell
Current Market Cap: £659.8K
Learn more about KEN stock on TipRanks’ Stock Analysis page.