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The latest update is out from Neometals Ltd ( (AU:NMT) ).
Neometals Ltd has signed a non-binding Letter of Intent with BML Ventures Pty Ltd to negotiate a joint venture for the open-cut mining of the Ironclad Gold Deposit. This partnership aims to leverage BML’s expertise in funding and managing mining operations, with a 50:50 profit-sharing arrangement post-cost recovery. The agreement includes a 90-day exclusivity period for due diligence and finalizing definitive agreements, with the potential to significantly de-risk development and support Neometals’ growth strategy.
More about Neometals Ltd
Neometals Ltd is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in projects related to gold deposits, with a market focus on advancing its mining operations and creating value through strategic partnerships.
Average Trading Volume: 897,143
Technical Sentiment Signal: Sell
Current Market Cap: A$41.61M
See more insights into NMT stock on TipRanks’ Stock Analysis page.