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An announcement from Juno Minerals Ltd. ( (AU:JNO) ) is now available.
Juno Minerals Ltd. has completed the sale of its Mount Mason DSO Hematite Project to Gold Valley Yilgarn Pty Ltd for A$6 million in cash and a 2% FOB royalty. This transaction allows Juno to enhance its cash reserves and secure a potential income stream while focusing on its major asset, the Mount Ida Magnetite Project. The sale facilitates the development of the Mount Mason Project by GVY, leveraging existing infrastructure and a fully permitted site, with production expected to commence in mid-2026. This move strategically positions Juno to concentrate on its larger projects and explore new opportunities, while GVY benefits from an expanded production capacity and supply chain integration.
More about Juno Minerals Ltd.
Juno Minerals Ltd. operates in the mining industry, focusing on the development and management of mineral resources. The company is primarily involved in the extraction and processing of iron ore, with a strategic emphasis on its Mount Ida Magnetite Project, which is a significant asset in the Yilgarn region.
Average Trading Volume: 120,182
Technical Sentiment Signal: Sell
Current Market Cap: A$4.81M
For detailed information about JNO stock, go to TipRanks’ Stock Analysis page.