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Rubix Resources Limited ( (AU:RB6) ) has provided an update.
Rubix Resources Limited has announced a non-binding agreement to potentially acquire a 100% interest in several bauxite exploration applications in Cameroon and Congo. This acquisition could enhance Rubix’s position in the bauxite industry, as the regions are known for significant bauxite reserves. The agreement outlines a series of payments and share allocations contingent upon the successful grant of exploration licenses and the completion of certain performance milestones. The acquisition is subject to customary conditions and regulatory approvals, and Rubix aims to finalize a binding agreement within 90 days.
More about Rubix Resources Limited
Rubix Resources Limited (ASX: RB6) is a company with a diversified portfolio of base metal and gold assets, offering opportunities for new discoveries in proven districts. The company’s assets include ten exploration licenses across four projects in Northern Queensland and Western Australia, as well as the Ceiling Lithium Project in James Bay, Quebec.
Average Trading Volume: 88,177
Technical Sentiment Signal: Buy
See more data about RB6 stock on TipRanks’ Stock Analysis page.