• Comet Resources (CRL) has released its June quarterly report, highlighting the proposed acquisition of the Santa Teresa High Grade Gold Project
  • The base metals explorer also outlined the acquisition of the Barraba Copper Project and a completed $650,000 capital raising
  • In early June, Comet announced that it had executed a binding heads of agreement with El Alamo Resources to acquire the Santa Teresa Gold Project
  • The company is aiming to complete the acquisition in Q3 once a decision to mine has been made
  • Further, Comet will begin initial drilling and exploration programs at the newly acquired Barraba Copper Project in late Q3 or early Q4
  • Comet Resources is currently down 5.56 per cent with shares trading for 1.7 cents each