logo-loader

Iron Mountain Mining sells Victorian heavy mineral sands licence

Published: 16:30 18 Jun 2014 AEST

au_victoria_350_53a11315a4849

Iron Mountain Mining (ASX:IRM) is a step closer to complete divestment from the Heavy Mineral Sands Project in Victoria after the successful execution of all transfer documents for Exploration Licence 5305.

The divestment will be completed once the settlement and transfer of title for EL5303 to Murray Zircon is achieved.

It had sold EL5305 for $50,000 and EL5303 for $40,000.

The company is focused on its Golden Camel gold project in Victoria where it is assessing low cost heap leaching as a treatment option for its oxide mineralisation.

Golden Camel has a combined Resource of 266,000 tonnes at 1.7 grams per tonne gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

6 hours, 9 minutes ago