Apollo to spin out WA, SA iron ore projects
Apollo Minerals has announced it will spin out its iron ore-related assets to fast-track their development, with the plan attracting a $10 million investment from India’s Jindal Steel & Power.
Apollo said today that it planned to transfer its iron ore tenements in Western Australia and South Australia, as well as its interest in the Gabon iron ore project, into a new entity which it plans to list on the ASX.
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