Castillo Copper Ltd. ( (AU:NFM) ) has shared an announcement.
New Frontier Minerals Limited has agreed to sell its wholly owned subsidiary, BHA No. 1 Pty Ltd, which holds the non-core Broken Hill East Project, to Impact Minerals Limited for $275,000 worth of shares. This transaction marks the third divestment of a non-core asset in recent months, allowing New Frontier to focus resources on its core projects, such as the Harts Range and NWQ Copper Projects, while seeking a development partner for its remaining non-core asset, the Mkushi Copper Project in Zambia.
More about Castillo Copper Ltd.
New Frontier Minerals Limited is an Australian-based exploration company focused on developing multi-commodity assets with potential for economic mining operations. The company is actively progressing its core projects, including the Harts Range Niobium, Uranium, and Heavy Rare Earths Project in the Northern Territory and the NWQ Copper Project in Queensland. New Frontier Minerals is listed on the LSE and ASX under the ticker ‘NFM’.
YTD Price Performance: 13.33%
Average Trading Volume: 553,077
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £12.07M
See more data about NFM stock on TipRanks’ Stock Analysis page.