14/12/2016 - 15:15

Strike sells Peru iron ore assets for $13m

14/12/2016 - 15:15

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Perth-based Strike Resources has sold its Apurimac and Cusco iron ore projects in Peru for about $13.5 million, as the company shifts its focus to other commodities.

Strike sells Peru iron ore assets for $13m
Strike Resources has sold its iron ore assets in Peru.

Perth-based Strike Resources has sold its Apurimac and Cusco iron ore projects in Peru for about $13.5 million, as the company shifts its focus to other commodities.

Strike has sold the two Peruvian assets for $US10 million ($A13.5 million) to a subsidiary of Chinese industrial and financial group Zhongrong Xinda Group, subject to the completion of due diligence by April.

The sale forms part of the company’s plans to diversify and seek opportunities outside of iron ore.

Strike secured exploration tenements in Western Australia and Chile that host lithium properties in August, while last month it secured a 60 per cent farm-in deal for two graphite exploration tenements in Queensland.

Strike shares were unchanged at 4.7 cents each at the close.

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