Pure Resources Forms Strategic Alliance to Boost Reedy Creek Garnet Project

Pure Resources Limited ( (AU:PR1) ) has provided an announcement.

Pure Resources Limited has entered into a non-binding Heads of Agreement with SSH Group Ltd to form a Strategic Alliance aimed at accelerating the development of the Reedy Creek Garnet Project. This partnership is expected to enhance the project’s development timeline and operational capacity, positioning Pure Resources for long-term success. The Reedy Creek project is noted for its high-grade garnet deposit, and recent metallurgical tests have shown promising results, prompting further testing. The alliance will focus on collaborative project development, with SSH providing resources to assist in the final investment decision and leading site operations to identify early revenue opportunities. The project benefits from its location within a granted mining lease, ensuring a streamlined path to commercialization.

More about Pure Resources Limited

Pure Resources Limited operates in the mining industry, focusing on the extraction and commercialization of industrial minerals. The company is primarily engaged in the development of the Reedy Creek Garnet Project, which targets markets for jet cutting, abrasive blasting, water filtration, bonded abrasives, and concrete aggregates across Australia, the USA, and Asia.

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