Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Lithium
44.37
(0.69%)
Gold
2,660.80
(0.19%)
Copper
4.21
0.29%
Oil
70.09
0.1%
Bitcoin
96,620.11
0.71%
FTSE 100
8,335.65
(0.28%)
Nikkei 225
39,276.39
(0.2%)
Dow Jones
44,705.53
(0.14%)
Iron Ore
105.45
0.32%
USD/AUD
0.64
(0.9%)
Hang Seng
19,742.46
0.1%
Labyrinth Resources (ASX: $LRL) completes acquisition of Admiral Gold Pty Ltd
- Author: Stock Piper
Labyrinth Resources acquisition news
Labyrinth Resources (ASX:LRL) has successfully completed the acquisition of Admiral Gold Pty Ltd, which owns the Mulwarrie Gold Project. The company also announced the exercise of its option with Olympio Metals Limited, expected to conclude by 3 December 2024.
Labyrinth Resources strategic outlook
Labyrinth Resources' acquisition of Admiral Gold Pty Ltd and the Mulwarrie Gold Project marks a significant expansion in their gold mining portfolio. The exercise of the option with Olympio Metals Limited aligns with Labyrinth's strategic growth plans, reflecting their commitment to expanding mining assets. These acquisitions underscore Labyrinth's ambition to enhance its position in the gold sector, with the transactions reflecting the company's broader business objectives. The authorization by the company's board further emphasizes the strategic importance of these decisions.
Executive commentary on acquisition
The completion of the Mulwarrie acquisition strengthens Labyrinth Resources' portfolio in the gold mining sector. The strategic decision to exercise the Olympio option indicates Labyrinth's intent to further expand its mining assets.
LABYRINTH RESOURCES LIMITED
LRL | ASX | Materials
0.240.01(+4.35%)
At close 03/12 (AEDT)
Market cap
$134.1M
Volume
895,133
DY Yield
PE Ratio
52 Week Range
0.028131 - 0.31
1YR Return
N / A
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