Strike Resources Limited (AU:SRK) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Strike Resources Limited has announced that the Peruvian Government approved technical studies for the San Juan de Marcona-Andahuaylas railway project, which is expected to cost USD$8.16 billion and potentially benefit Strike’s Apurimac Iron Ore Project by connecting it to a new port terminal. Construction of the railway is set to begin between 2026 and 2027 with completion aimed for 2032, and it’s part of a larger effort by Peru to enhance its infrastructure, attracting interest from China and other nations. The project will be executed under a Government to Government scheme and is aligned with the creation of a new Ministry of Infrastructure to centralize investment promotion.
For further insights into AU:SRK stock, check out TipRanks’ Stock Analysis page.