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Gascoyne Resources Limited ( (AU:SPR) ) has provided an update.
Firetail Resources has entered into a binding agreement with Spartan Resources to sell lithium rights over specific projects in Western Australia for $275,000, aligning with Firetail’s strategy to focus on its core copper exploration projects in Canada and Peru while monetizing non-core Australian assets. This transaction marks a significant step towards streamlining Firetail’s portfolio, enhancing its funding position, and positioning the company for long-term growth, as it continues discussions for the sale of other non-core assets.
More about Gascoyne Resources Limited
Firetail Resources Limited is an Australian-based copper exploration company focused on its flagship Skyline Copper Project in Newfoundland, Canada, and generative exploration at the Picha Project in Peru. The company is involved in high-grade copper-zinc-silver exploration, with substantial historical production and ongoing high-impact drilling and geophysics activities.
YTD Price Performance: -0.32%
Average Trading Volume: 638
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.17B
See more data about SPR stock on TipRanks’ Stock Analysis page.
