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Tombador Iron Ltd. ( (AU:TI1) ) has provided an update.
Tombador Iron Limited is in the process of acquiring the Colomi Iron Project in Brazil, having completed significant due diligence and preparing for the transaction, which includes technical, commercial, legal, and environmental evaluations. The company received AUD$112k in royalty payments during the December 2024 quarter and is planning to re-list on the ASX in early 2025, aiming to establish a compliant business structure in Brazil and conduct prefeasibility studies for the Colomi project.
More about Tombador Iron Ltd.
Tombador Iron Limited, listed on the ASX in October 2020, is an Australian company that began production of high-grade hematite iron ore from a simple open cut mining operation in Q2 CY2021. The company has since sold its main project, the Tombador Iron Project in Brazil, in December 2023.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$30.22M
See more insights into TI1 stock on TipRanks’ Stock Analysis page.
