Peel Mining Strikes Major Exploration Deal

Peel Mining Limited (AU:PEX) has released an update.

Peel Mining Limited has announced a $6.5 million Farm-In Agreement with Red Hill Minerals Limited to explore the highly prospective Curnamona Project area, which shows potential for significant mineral deposits including copper, gold, and cobalt. Alongside this, the company has highlighted upcoming drilling at the Wagga Tank site and is progressing with the Southern Nights Wagga Tank land acquisition and a Pre-Feasibility Study (PFS). Peel Mining ended the quarter with a strong cash position, having $6.27 million in the bank.

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