EQR Acquires Hodgkinson Tenements to Support Mt Carbine Hub Strategy
Key points
- EQR acquires six prospective Exploration Permits for Minerals from Sunshine Metals
- Acquisition aims to strengthen EQR's regional growth pipeline
- Total consideration of A$250,000, subject to regulatory and third-party approvals
Full summary
EQ Resources Ltd (EQR) has entered into a binding heads of agreement to acquire six prospective Exploration Permits for Minerals from Sunshine (Triumph) Pty Ltd, a subsidiary of Sunshine Metals Limited. The acquisition comprises six tenements adjacent to EQR's Mt Carbine tungsten operation. The total consideration is A$250,000, payable in two installments, subject to regulatory and third-party approvals. The acquisition is expected to strengthen EQR's regional growth pipeline and support its hub-and-spoke strategy, leveraging its expanded processing facilities at Mt Carbine.
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