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The latest announcement is out from Zeus Resources Ltd. ( (AU:ZEU) ).
Zeus Resources Limited has sold its 100% interest in the Mortimer Hills Project to Electrostate Pty Ltd, a subsidiary of Delta Lithium Limited, for an upfront payment of $150,000. The transaction includes a structured royalty agreement that allows Zeus to benefit from any future lithium resource discoveries at the site, thus strengthening its balance sheet while maintaining potential upside from exploration success. This strategic move enables Zeus to focus on other projects while retaining a stake in the potential success of the Mortimer Hills Project.
More about Zeus Resources Ltd.
Zeus Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in identifying and developing lithium and other mineral projects, primarily in Western Australia.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.48M
Find detailed analytics on ZEU stock on TipRanks’ Stock Analysis page.