Red Hill Minerals Expands Exploration with Farm-in Deal

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

Red Hill Minerals Limited has announced a $6.5 million farm-in agreement to expand exploration into the Broken Hill and Olary regions, with the potential to earn a 75% interest in the Curnamona Project. The agreement with Peel Far West Pty Ltd includes the establishment of a Joint Venture, where Red Hill will manage following a successful exploration period. The project areas are considered highly prospective for Zinc-Lead-Silver and Copper/Gold deposits, with existing resource estimates at the Anabama Project.

For further insights into AU:PEX stock, check out TipRanks’ Stock Analysis page.