Zeta Resources Ltd. (AU:ZER) has released an update.
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Zeta Resources Ltd. anticipates a significant cash inflow of approximately USD 41 million following the termination of a commercialization deal between Koumbia Bauxite Investments Ltd and Alliance Mining Commodities Ltd. The incoming funds will bolster Zeta’s investment capacity, with total cash reserves reaching around AUD 70 million. Additionally, Zeta updates its stakeholders on the progression of a compulsory acquisition process, with details to be announced following the receipt of a formal notice.
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