Resources Top 5: A uranium player rises as Gina Rinehart cements junior iron ore deal

Gif: Archer – Danger Island (2018), FXX share

JV partners Legacy and Hawthorn cement earn iron ore in deal with Gina Rinehart’s Hancock Prospecting

Okapi increases resource at the ‘Tallahassee’ uranium project in Colorado by 81%

Carbine’s Muchea West has potential to host substantial, high grade, low impurity silica sand deposit Here are the biggest small cap resources winners in early trade, Thursday, April 7 JV partners LCY and HAW have cemented a deal with a subsidiary of Gina Rinehart’s Hancock Prospecting, which will shell out an initial $9m to earn into the ‘Mt Bevan’ iron ore project in WA.Hancock will make an initial investment of $9m to earn a 30% interest in Mt Bevan, with $8m cash being paid to Legacy and Hawthorn in proportion to their interest in the project (Legacy $4.8m and Hawthorn $3.2m).The remaining $1m will be working capital.Hancock will hold a […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.