SALE OF THE WOLLOGORANG COPPER-COBALT PROJECT COMPLETE
Resolution Minerals has completed the sale of the Wollogorang Project to neighbouring NT Minerals (ASX: NTM) for $250,000 ($50,000 cash and 22,199,101 NTM shares).
NT Minerals holds the adjacent 13,184 km2 Redbank Copper Project with 8.4 Mt @ 1.1% Cu and the acquisition builds on NT Minerals ground position.
The sale, for cash and shares, allows RML to focus funds on other projects and retain upside through a shareholding in NT Minerals.
“We are pleased to complete the sale of the Wollogorang Project and wish NT Minerals all the best with their acquisition.
This sale will allow us to focus more of our energy on our other projects in the area, including the Benmara Battery Metals Project, where we are now waiting on assays from a 2,000m drilling program, as well as the Carrara Range Manganese Project, where we have recently identified high-grade rock chips.”
Chris McFadden, Managing Director, Resolution Minerals