Hammer Metals Limited (AU:HMX) has released an update.
Hammer Metals Limited has announced an Earn-in Agreement with South32, allowing South32 to acquire up to an 80% interest in Hammer’s Isa Valley Project in Queensland, aimed at discovering significant lead-zinc-copper deposits. The agreement involves an initial soil sampling program, potential investments totaling up to $4 million, and the management of the exploration program by South32. Hammer Metals views this partnership as an endorsement of their potential to uncover new major base metal deposits in the region.
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