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Enegex (ASX: $ENX) secures new tenure for gold and copper exploration

Enegex (ASX: $ENX) Quarterly Activities Report highlights


Enegex Limited (ASX: $ENX) has released its Quarterly Activities Report for the period ended 30 March 2024. The report highlights the company's significant new tenure secured in the West Yilgarn, focusing on low-cost exploration for new gold and copper mineralisation. Enegex's projects include the Perenjori Project covering the Rocky Ridge gold prospect and a new project with tenement under application at Three Springs in the West Yilgarn. The company aims to strengthen and refine its West Yilgarn holdings through rapid assessment and turnover of licenses, positioning itself to pursue new mineral exploration opportunities.

Executive Commentary


The potential of the West Yilgarn to host globally significant mineral deposits is evidenced by the multi-million-ounce Boddington copper-gold mine and other emerging discoveries in the broader project area. Enegex is strategically positioned to evaluate and pursue new advanced and early-stage mineral exploration opportunities that complement its existing asset base. The company remains committed to actively reviewing new exploration and investment opportunities to generate significant shareholder returns.

Summary of Quarterly Activities Report


Enegex (ASX: $ENX) has secured significant new tenure in the West Yilgarn for gold and copper exploration projects, with a focus on low-cost exploration for new mineralisation. The company's projects include the Perenjori Project covering the Rocky Ridge gold prospect and a new project with tenement under application at Three Springs in the West Yilgarn. Enegex aims to strengthen and refine its West Yilgarn holdings through rapid assessment and turnover of licenses, positioning itself to pursue new mineral exploration opportunities. The company is strategically positioned to evaluate and pursue new advanced and early-stage mineral exploration opportunities that complement its existing asset base, with a commitment to actively reviewing new exploration and investment opportunities to generate significant shareholder returns.

ENEGEX LIMITED
ENX | ASX | Materials
0.0170(+0%)
At close 05/07 (AEDT)
Market cap
$6.3M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.029
1YR Return
41.667%

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