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An announcement from Miramar Resources Limited ( (AU:M2R) ) is now available.
Miramar Resources Limited has entered into a binding sale agreement to divest its Randalls Project to Future Battery Minerals Ltd for up to $800,000 in cash, shares, and deferred milestone payments. This strategic move allows Miramar to concentrate on more promising projects like the Gidji JV Gold Project and the Bangemall copper-nickel-PGE projects, while retaining potential upside from Randalls. The sale aligns with Miramar’s strategy to streamline its portfolio and focus on key exploration areas, with implications for enhanced resource allocation and potential discoveries.
More about Miramar Resources Limited
Miramar Resources Limited is an exploration company focused on gold and critical minerals projects in Western Australia. The company is involved in projects such as the Gidji JV Gold Project and the Bangemall copper-nickel-PGE projects, with a strategic emphasis on discovering gold and critical minerals including copper, nickel, PGEs, and REEs.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.18M
Learn more about M2R stock on TipRanks’ Stock Analysis page.