"Kin now holds 7.34% of Dacian and Delphi separately holds 3.22%.
Kin has acquired this holding to ensure that it has the ability to participate in a meaningful way in any future consolidation in the district, while also ensuring that available milling capacity is appropriately utilised.
Kin intends to engage with the Dacian Board and management team to help maximise the value of the business for the benefit of all shareholders.
The Board is of the view that Kin’s large resource base, the development-ready status of several our deposits, and the outstanding exploration upside across our tenure have positioned Kin to play a significant role in any future consolidation in the Leonora region."
