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Juno Minerals Ltd. ( (AU:JNO) ) has provided an update.
Juno Minerals Ltd. has announced the sale of its Mount Mason DSO Hematite Project to Gold Valley Yilgarn Pty Ltd. for A$6 million cash and a 2% FOB royalty. This transaction will enhance Juno’s cash reserves and provide a potential income stream from the royalty, 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 strategic focus for the company.
More about Juno Minerals Ltd.
Juno Minerals Ltd. operates in the mining industry, focusing on iron ore projects. Its primary assets include the Mount Ida Magnetite Project, which is a significant magnetite resource in the Yilgarn region. The company is involved in exploring new opportunities and maintaining its strategic assets.
Average Trading Volume: 81,752
Technical Sentiment Signal: Sell
Current Market Cap: A$4.6M
For an in-depth examination of JNO stock, go to TipRanks’ Overview page.