For those that may have missed it, JX Advanced Metals Corporation ('JXAM') is expanding its mineral presence in Australia.
JXAM announced yesterday it had entered into an agreement with unlisted RZ Resources of Australia (Ray Shorrocks is a NED) to acquire a 5% interest in the Copi Project for a staged contribution of A$20 million with an additional contribution option of A$5 million and a further A$5 million in convertible funding.
https://www.jx-nmm.com/english/newsrelease/fy2025/20250609_02.html
The Copi Project is a mineral sands deposit in which RZ Resources owns a 100% interest and is currently conducting a feasibility study. The Copi Project is located in NSW, about 2 hours drive time south of Broken Hill.
https://rzresources.com/wp-content/...-4-Page-Fact-Sheet-FINAL_Standard-Quality.pdf
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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