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The latest update is out from Strike Resources Limited ( (AU:SRK) ).
Strike Resources has signed a non-binding memorandum of understanding with Peruvian port developer Naviera Petral S.A. to secure future port services at the proposed San Nicolas deep-water port on Peru’s southern coast for exports from its Apurímac Iron Ore Project. The planned port, designed to handle bulk carriers of 60,000–200,000 DWT and an initial loading rate of about 20,000 tonnes per day, together with the Peruvian Government’s proposed Andahuaylas–San Juan de Marcona railway corridor, is expected to materially lower logistics costs, improve export efficiency and support a potential restart of iron ore production, positioning Strike as a foundation user without immediate financial commitments while it progresses technical studies, approvals and a definitive commercial agreement.
The most recent analyst rating on (AU:SRK) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Strike Resources Limited stock, see the AU:SRK Stock Forecast page.
More about Strike Resources Limited
Strike Resources Limited is an Australian-listed resources company focused on developing the Apurímac Iron Ore Project in Peru, one of the world’s highest-grade large-scale magnetite projects. The project hosts a substantial JORC-compliant mineral resource of 269.4 million tonnes of iron ore, with demonstrated potential for premium lump direct shipping ore and further exploration upside along undrilled gravity and magnetic anomalies.
Average Trading Volume: 115,000
Technical Sentiment Signal: Hold
Current Market Cap: A$13.34M
See more data about SRK stock on TipRanks’ Stock Analysis page.