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Interra Resources Ltd. ( (SG:5GI) ) has issued an update.
Interra Resources Limited has announced that its joint venture partners, subsidiaries of PT Mitra Investindo Tbk, have successfully obtained Mining Business Licences for the exploration of quartz sand in West Kalimantan, Indonesia. This development allows the joint venture to conduct surveys, exploration, and feasibility studies, paving the way for potential production operations. The proximity of the licensed areas offers opportunities for operational synergies, supporting the development of silica-based downstream activities and the establishment of an industrial park managed by the joint venture company, PT Ketapang Prima Resources.
More about Interra Resources Ltd.
Interra Resources Limited operates in the energy sector, primarily focusing on oil and gas exploration and production. The company is engaged in joint ventures and partnerships to expand its resource base and enhance its market presence.
Technical Sentiment Signal: Buy
Current Market Cap: S$23.6M
For a thorough assessment of 5GI stock, go to TipRanks’ Stock Analysis page.