Resolution Minerals Limited (ASX: RML) has finalized a significant deal, with NT Minerals Ltd (ASX: NTM), involving the transfer of the Wollogorang Project. This project seamlessly complements NT Minerals' adjacent Redbank Project and holds immense potential for critical minerals, including copper, cobalt, nickel, phosphate, rare earth elements (REE), and uranium, all previously identified through historical exploration efforts.
Spanning an expansive 3,803km² and encompassing seven granted exploration licenses, Wollogorang is strategically situated approximately 180km southeast of Borroloola in the Northern Territory. Following rigorous due diligence, NT Minerals is now set to acquire 100% of the issued capital of Mangrove Resources Pty Ltd, which serves as a wholly-owned subsidiary of Resolution Minerals and is the custodian of the Wollogorang Project. This acquisition aligns perfectly with NT Minerals strategic vision for advancing copper and critical minerals projects in the region.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
