Strike Resources has sold its iron ore assets in Peru.
Strike sells Peru iron ore assets for $13m
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Wednesday, 14 December, 2016 - 15:15
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.
Companies: