Rumble Resources Limited (AU:RTR) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Rumble Resources Limited is set to collaborate with Bain Global Resources and MEGA Resources to develop the Western Queen Gold Project through a joint venture, focusing on open pit mining. The partnership aims to generate early cashflow by utilizing the services of MEGA, which will cover up to $25 million in costs, with a profit-sharing model between Rumble and Bain post-recovery of initial investments. Negotiations for definitive agreements are ongoing, with expectations to finalize by February 2025.
For further insights into AU:RTR stock, check out TipRanks’ Stock Analysis page.