Stellar Resources (ASX:SRZ) completed the acquisition of the Granite Tor project in Tasmania, covering an area of 122 square kilometers, according to a Tuesday filing with the Australian bourse.
The company plans to conduct soil and stream sampling programs to validate historic exploration and further define targets for exploration, per the filing.
Shares fell nearly 3% in midday trade on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.