Koonenberry Gold's strategic expansion

Koonenberry Gold (ASX:KNB) has announced the acquisition of the Enmore Gold Project and the Lachlan Projects, enhancing its exploration portfolio in New South Wales. This move positions the company as a significant player in gold and copper-gold exploration.

Koonenberry Gold's growth strategy

Koonenberry Gold has made a strategic move by acquiring the Enmore Gold Project and Lachlan Projects, positioning itself as a major explorer in New South Wales. The acquisitions are supported by a $4.5 million placement, ensuring robust financial backing from key shareholders. The Lachlan Projects benefit from joint ventures with Newmont Exploration, enhancing exploration opportunities. Board changes, including the addition of Mr. Darren Glover, aim to bolster the company's leadership. Koonenberry plans to fast-track exploration and development, with a focus on creating shareholder value through systematic exploration and potential discoveries in historically rich geological regions.

Executive insights on new acquisitions

These acquisitions are transformative for Koonenberry, bolstering our exploration assets in a mineral-rich region of NSW. We are excited to accelerate exploration activities at both the Enmore and Lachlan Projects, supported by firm financial commitments and strategic partnerships.