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Blackstone Minerals Ltd ( (AU:BSX) ) just unveiled an announcement.
Blackstone Minerals Limited has announced that the Supreme Court of Western Australia has approved the scheme of arrangement for Blackstone to acquire 100% of IDM International Limited. This acquisition includes the Mankayan Copper-Gold Project in the Philippines, a significant undeveloped copper-gold porphyry deposit. The merger positions Blackstone to capitalize on the growing global demand for copper, driven by advancements in renewable energy and electric vehicles, enhancing its strategic positioning in the mining industry.
More about Blackstone Minerals Ltd
Blackstone Minerals is a minerals exploration and development company listed on the Australian Stock Exchange (ASX:BSX). The company focuses on critical minerals exploration in South East Asia, particularly the Ta Khoa Nickel-Copper-PGE Project in Northern Vietnam. Blackstone is also involved in the Mankayan Copper-Gold Project in the Philippines, a region known for its rich mineral resources, especially copper and gold.
Average Trading Volume: 1,507,277
Technical Sentiment Signal: Buy
Current Market Cap: A$61.71M
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