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IGO ( (AU:IGO) ) has shared an update.
Venus Metals Corporation Limited has announced the formation of an unincorporated joint venture with IGO Limited’s subsidiary for the Bridgetown Greenbushes Exploration Project. IGO has met the Stage 1 requirements to acquire a 51% interest in the project by investing $3 million in exploration. The joint venture allows IGO to earn an additional 19% interest by spending another $3 million. The project has identified a significant Li-Ta-Nb-Cs anomaly at Ti Tree, with further exploration and analysis ongoing. This joint venture strengthens Venus Metals’ position in the exploration sector and could lead to significant developments in the project area.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
More about IGO
Venus Metals Corporation is an exploration company with a diverse portfolio in Western Australia, focusing on gold, copper, base metals, lithium, titanium, and vanadium projects. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder in Rox Resources Limited.
YTD Price Performance: 22.01%
Average Trading Volume: 4,665,264
Technical Sentiment Signal: Hold
Current Market Cap: A$4.41B
See more data about IGO stock on TipRanks’ Stock Analysis page.