Hammer Metals Regains 100% Control of Mount Isa East JV Areas
Hammer Metals Limited (ASX: HMX) has regained full ownership of the Mount Philp and Even-Steven areas within the Mount Isa East Joint Venture following Sumitomo Metal Mining Oceania’s exit. The move returns about 58% of the original JV area to Hammer, including the Trafalgar copper-gold deposit, now under 100% HMX control.
The company will progress a JORC resource estimate for Trafalgar and pursue high-grade copper-gold targets at Pharaoh and Jimmy Creek, as well as gold prospects at White Dingo and Ross. A tungsten anomaly along the Pilgrim Fault and iron oxide potential at Mount Philp are also under review.
Managing Director Daniel Thomas said the return provides unencumbered exploration control, unlocking a pipeline of new opportunities while maintaining a strong partnership with Sumitomo through other joint ventures in the Mount Isa region.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Hammer Metals Regains 100% Control of Mount Isa East JV Areas
Hammer Metals Limited (ASX: HMX) has regained full ownership of the Mount Philp and Even-Steven areas within the Mount Isa East Joint Venture following Sumitomo Metal Mining Oceania’s exit. The move returns about 58% of the original JV area to Hammer, including the Trafalgar copper-gold deposit, now under 100% HMX control.
The company will progress a JORC resource estimate for Trafalgar and pursue high-grade copper-gold targets at Pharaoh and Jimmy Creek, as well as gold prospects at White Dingo and Ross. A tungsten anomaly along the Pilgrim Fault and iron oxide potential at Mount Philp are also under review.
Managing Director Daniel Thomas said the return provides unencumbered exploration control, unlocking a pipeline of new opportunities while maintaining a strong partnership with Sumitomo through other joint ventures in the Mount Isa region.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au