Petratherm Ltd (AU:PTR) has released an update.
Narryer Metals Limited has granted Petratherm Limited the option to acquire a 70% interest in the Sturt Project by investing $500,000 over four years. The Sturt Project, rich in various commodities and adjoining Petratherm’s existing property, allows Narryer to focus on its priority projects while maintaining a stake in the Sturt Project’s potential. The deal includes a two-stage earn-in and the possibility of forming a joint venture upon completion.
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