Kin Mining NL (AU:KIN) has released an update.
Kin Mining NL has reported a significant Volcanogenic Massive Sulphide (VMS) base metals discovery at Cardinia East, with ongoing diamond drilling to expand on earlier high-grade results. The company has also announced a merger with PNX Metals intended to form a diverse resource group with assets across WA and the NT, including gold, silver, base metals, and uranium. Kin is in a strong financial position, with $80 million in cash and liquid assets following the sale of WA gold deposits and the pending merger.
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