Korab Resources Extends Mineral Lease Sale Deadline

Korab Resources Limited (AU:KOR) has released an update.

Korab Resources Ltd has extended the settlement date for the sale of its Geolsec mineral lease to Leka II Shipping Limited, now set for March 31, 2025, pending approval from the Foreign Investment Review Board. The $4.35 million cash deal, with additional royalties, involves rights to a mineral-rich area south of Darwin. This move highlights Korab’s strategic divestment efforts within its diverse mining portfolio, potentially impacting its stock value.

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