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Daniel Thomas - Hammer Metals (ASX: HMX) Hunting for copper in QLD
Manage episode 411362059 series 3460568
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Hammer Metals (ASX: HMX) has just agreed to sell some of its interests to its neighbour Carnaby Resource (ASX: CNB). This will see the company put $4 million cash in its bank account immediately with the potential for up to $20 million through the sale process. The funds will be used to explore its growing copper inventory in the Mount Isa region of QLD. Hammer, already has a significant inventory in the region and there is plenty of scope to grow this further. Drilling is already underway and the company is also targeting gold at the Bronzewing region of WA.
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