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Strike Resources Limited ( (AU:SRK) ) just unveiled an announcement.
Strike Resources has agreed to sell a further 28.52% minority interest in its Apurímac Iron Ore Project in Peru to JE United for A$5.5 million, a deal that would leave Strike with 51.48% and its partner with 48.52%, subject to conditions by March 2027. The company continued to advance Apurímac through geological mapping, sampling, drone-based LiDAR and magnetometry, and is planning gravity surveys to identify additional iron mineralisation outside the current resource base.
Strike also signed a non-binding memorandum of understanding with Peruvian group Naviera Petral to frame future port services for exporting iron ore via the proposed deep‑water San Nicolás Port, supporting potential resumption of small‑scale mining under Peru’s artisanal regime. On the corporate front, Strike’s 27.7% holding in Lithium Energy remained a key financial asset, with Lithium Energy returning to ASX quotation in March 2026 after completing a US$55.5 million sale of its Solaroz lithium project in late 2025.
More about Strike Resources Limited
Strike Resources Limited is an ASX-listed resource company focused on iron ore and battery minerals. Its key asset is the high‑grade Apurímac Iron Ore Project in Peru, which has produced ~65% Fe direct shipping ore sold to Chinese and South American steel mills. Strike also holds a 27.7% stake in Lithium Energy Limited, which owns graphite, gold-copper and lithium brine projects in Australia and the U.S.
Average Trading Volume: 126,983
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.22M
Find detailed analytics on SRK stock on TipRanks’ Stock Analysis page.