24
Aug
05:01
Fe Limited joins Yarram project
Australian listed company Fe Limited (FEL) announced last week that it has entered into a binding Heads of Agreement to acquire a 50% interest in the Yarram Iron Ore Project in the Northern Territory.
It will pay AUD 1.5 million ($1.07 million) in cash and stocks for the deal, and to pay another AUD 500,000 in cash and AUD 1 million in cash or stocks on achieving a JORC indicated resource milestone, Kallanish notes. FEL will also cover certain histo…
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