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Juno Minerals Ltd. ( (AU:JNO) ) has issued an announcement.
Juno Minerals Limited has executed an agreement to sell its Mount Mason DSO Hematite Project to Gold Valley Yilgarn Pty Ltd for A$6 million cash and a 2% FOB royalty. This transaction is strategically beneficial for Juno as it enhances cash reserves and provides a future income stream, while allowing Gold Valley Yilgarn to integrate the project into its existing operations. The sale does not affect Juno’s major asset, the Mount Ida Magnetite Project, which remains a significant opportunity for long-term development. The infrastructure improvements resulting from the sale, such as the construction of a haul road, add value to the Mount Ida Project, supporting its future development.
More about Juno Minerals Ltd.
Juno Minerals Limited operates in the mining industry, focusing on iron ore projects. Its primary assets include the Mount Mason DSO Hematite Project and the Mount Ida Magnetite Project. The company is strategically positioned in the Yilgarn region, with a focus on developing long-life magnetite mines and exploring new opportunities.
Average Trading Volume: 94,930
Technical Sentiment Signal: Hold
Current Market Cap: A$5.65M
See more data about JNO stock on TipRanks’ Stock Analysis page.