Kogi Iron Ltd. (AU:M4M) has released an update.
Firebird Metals Limited has entered into a farm-out agreement with Macro Metals Ltd, allowing the latter to acquire an 80% interest in several manganese tenements. Under the deal, Macro Metals will invest $150,000 and conduct a drilling program across the tenements, while Firebird retains a 20% interest and potential 1% sales commission. This strategic collaboration enables Firebird to concentrate on its Oakover Project and Chinese manganese sulphate plant, offering potential upsides from the tenements’ future development.
For further insights into AU:M4M stock, check out TipRanks’ Stock Analysis page.
