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Rincon Resources Ltd. ( (AU:RCR) ) has issued an announcement.
Rincon Resources Limited has entered into a multi-stage joint venture agreement with Greatland Resources, enabling the latter to earn up to a 75% stake in Rincon’s Telfer South Gold Project by meeting exploration and funding milestones. This collaboration allows Rincon to focus efforts on its Hasties gold-copper projects while gaining access to Greatland’s expertise and infrastructure, particularly the efficient processing capabilities of the nearby Telfer mine, which could benefit both companies and enhance exploration in the underexplored Paterson Province.
More about Rincon Resources Ltd.
Rincon Resources Limited (ASX: RCR) operates in the mining exploration industry, focusing on gold and copper deposits, with significant interests in Australia’s Paterson Province. The company aims to develop its Hasties Main and Hasties SE deposits while forming strategic partnerships to leverage additional exploration and mining opportunities.
Average Trading Volume: 1,322,776
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.42M
See more data about RCR stock on TipRanks’ Stock Analysis page.