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Impact Minerals Limited ( (AU:IPT) ) has shared an announcement.
Impact Minerals Limited has announced that Kuniko Limited has formally entered into an Earn-In and Joint Venture Agreement for the Commonwealth Project in New South Wales’ Lachlan Fold Belt. This agreement allows Kuniko to earn up to a 70% interest in the project by investing $3 million over four years, while Impact retains a 30% interest. The joint venture aligns with Impact’s strategy to monetize non-core assets, freeing resources to focus on other key projects, while maintaining potential upside at the Commonwealth site.
More about Impact Minerals Limited
Impact Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with projects involving gold, silver, and copper, with a market focus on monetizing non-core assets to concentrate on key projects like the Lake Hope High Purity Alumina project.
YTD Price Performance: -9.09%
Average Trading Volume: 2,022,742
Technical Sentiment Signal: Sell
Current Market Cap: A$28.46M
For an in-depth examination of IPT stock, go to TipRanks’ Overview page.