Korab Resources Limited (AU:KOR) has released an update.
Korab Resources Limited has announced the sale of the Geolsec mineral lease for a cash consideration of $4.35 million plus royalties, with ASX confirming that shareholder approval is not required for the transaction. This marks a significant step for the company, which is involved in international mining and exploration with a diverse portfolio that includes gold, silver, and rare earth elements across various global projects. The Geolsec mineral lease, held by Korab’s subsidiary and located near Port of Darwin, Australia, is part of the company’s strategic asset realignment.
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