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Intra Energy Corporation Limited ( (AU:BTM) ) just unveiled an announcement.
Breakthrough Minerals has entered a conditional binding agreement to acquire 100% of Dingo Minerals Pty Ltd, which holds the North Queensland Copper-Gold Project in the Mt Isa region, a 952km² package of granted exploration tenure and mining leases adjacent to processing facilities operated by Glencore and Harmony Gold. The project comes with a JORC (2012) mineral resource of 18.8Mt at 1.07% CuEq, existing mining camp and equipment, and strong historical drilling results, while the company has strengthened its team with the appointment of Mt Isa–experienced executive Marty Costello as a strategic advisor and secured binding commitments for an $8.15 million capital raising, leaving it well-funded with around $4.5 million in cash to initiate high-impact exploration and advance its new flagship asset.
More about Intra Energy Corporation Limited
Breakthrough Minerals Limited is an Australian exploration company focused on copper-gold assets, with its key projects located in the Mt Isa region of North Queensland. The company targets large, strategic landholdings with existing mineral resources and access to established processing infrastructure, positioning itself to supply copper and gold into global markets.
Average Trading Volume: 132,991
Technical Sentiment Signal: Sell
Current Market Cap: A$12.91M
See more insights into BTM stock on TipRanks’ Stock Analysis page.