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Diversified explorer Kalamazoo Resources (ASX: KZR) has added to its footprint in the historical Victorian goldfields after buying the 1,609 sq km Mt Piper project from copper-focused Coda Minerals (ASX: COD).
Shaw and Partners rates Coda a big buy after IOCG strike, price target at more than triple last close
Phil King’s Regal Funds Management is rounding out the year with another copper bet coming to market, this time on Colombia-based explorer Andean Mining.
Looking at ASX, so far this year it has welcomed three resource companies: Australian Gold and Copper (ASX:AGC), Mamba Exploration (ASX:M24) and Torrens Mining (ASX:TRN). The first company is focused on the Lachlan Fold Belt in New South Wales, while the second will initially put all its efforts on the Darling Range, Calyerup Creek, Ashburton and Kimberly projects; for its part, Torrens has all its efforts on their Mt Piper gold project in Central Victoria. But what are the upcoming ASX resource IPOs that investors should keep an eye out for? Here the Investing News Network looks at the upco...
Coda Minerals boosts copper project ownership Coda Minerals has secured an additional 19 per cent interest in the Elizabeth Creek copper project in South Australia from Torrens Mining, increasing the company’s ownership of the project to 70 per cent. The farm-in agreement between Coda and Terrace at Elizabeth Creek will see the two companies form a joint venture (JV) once the $8.62 million expenditure limit, which is expected in the first half of 2021. Coda increased its stake by fulfilling the $2.75 million earning obligation under the farm-in agreement, with the company now having the op...