Strike Resources Shifts Focus to Peruvian Project Post-Sale

Strike Resources Limited (AU:SRK) has released an update.

Strike Resources Limited has successfully completed the sale of its Paulsens East Iron Ore Project for $20.5 million, strengthening its financial position with a current cash balance of $6.6 million and significant holdings in Lithium Energy Limited. The company is now channeling its efforts into the development of the Apurimac Iron Ore Project in Peru, aiming to restart mining operations and expand long-term production, while engaging with various stakeholders, government authorities, and international traders for support and financing.

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