MANTLE MINERALS ACCEPTS OFFER TO SELL MT ROE SUBSIDIARY FOR $13.5M Transformational Transaction to Unlock Value and Fund Growth • Binding agreement to sell 100% of Mt Roe Mining Pty Ltd to Northern Star Resources Ltd (ASX: NST) for AUD$13.5 million cash • Sale includes 5 tenements from Mantle’s Western Australian portfolio, close to the Hemi deposit • Mantle retains the Yule River Project (north of Hemi) and the Pardoo Project, which hosts a published nickel resource • Proceeds from transaction will fund further exploration on remaining portfolio and when identified, new project acquisitions Mantle Minerals Limited (ASX: MTL) is pleased to announce it has entered into a binding agreement to divest its wholly-owned subsidiary, Mt Roe Mining Pty Ltd, to Northern Star Resources Ltd for $13.5 million in cash (Transaction). Mt Roe Mining holds a portfolio of five gold and base metal tenements located in the vicinity of the Hemi gold discovery in Western Australia.
why so much money for this???, MTL did we miss something?
MTL Price at posting:
0.1¢ Sentiment: None Disclosure: Held
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