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Redbank Copper Ltd. ( (AU:NTM) ) has issued an update.
NT Minerals Limited has agreed to sell its Redbank and Wollogorang Copper Projects to Golden Horse Minerals for $1,000,000 in cash and $2,000,000 in CHESS Depositary Interests. This strategic move allows NT Minerals to maintain an indirect interest in the projects while focusing on its Finnis River and Twin Peaks projects, ensuring compliance with ASX listing rules and securing its financial condition.
More about Redbank Copper Ltd.
NT Minerals Limited is a company operating in the mining industry, focusing on exploration and development of mineral projects. Its primary products include copper, and it is engaged in projects located in the Northern Territory and Western Australia.
Average Trading Volume: 7,067,115
Technical Sentiment Signal: Hold
Current Market Cap: A$2.42M
See more insights into NTM stock on TipRanks’ Stock Analysis page.