Hammer Metals Limited (AU:HMX) has released an update.
Hammer Metals Limited has struck a deal to sell up to a 70% interest in their Mount Hope Sub-blocks to Carnaby Resources for up to $20 million, while retaining a 30% stake with a free carry to production. The company has also secured a $300,000 grant from the Queensland Government for deep exploration of its Hardway copper-rare earths project. Additionally, Hammer is set to drill test high-potential copper and gold targets in Queensland and Western Australia in the second quarter, following significant gold intercepts in recent drilling at their Yandal Project in WA.
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