Peel Mining Limited (AU:PEX) has released an update.
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Red Hill Minerals Limited has entered a $6.5 million farm-in agreement with Peel Far West Pty Ltd to explore the Curnamona Project in New South Wales and South Australia, potentially targeting Tier 1 Zinc-Lead-Silver deposits. The company could earn a 75% interest through this 5-year deal, after which a Joint Venture with standard funding arrangements would commence. The expansion into these regions represents a significant step in Red Hill’s strategy to build its portfolio alongside its West Pilbara Gold and Base Metals Project.
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