Investigator Resources Ltd (AU:IVR) has released an update.
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Investigator Resources Ltd has successfully sold its 49% interest in the Stuart Shelf Joint Venture and adjacent tenements in South Australia to Discover Co for $1 million in cash, plus future royalties. This strategic move divests non-core assets, reduces holding costs, and injects funds into the company’s silver and gold exploration endeavors. Additionally, the sale includes a royalty arrangement, securing ongoing financial benefits from future mineral production.
For further insights into AU:IVR stock, check out TipRanks’ Stock Analysis page.
