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IMA — Image Resources NL News Story

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Brief: Lb Group Plans To Take About 80% Stake In Image Resources' Mineral Sands Projects

BRIEF-Lb Group Plans To Take About 80% Stake In Image Resources' Mineral Sands Projects

- LB Group Co Ltd 002601.SZ:

  • SAYS CO PLANS TO ACQUIRE ABOUT 80% STAKE IN DURACK, YANDANOOKA MINERAL SANDS PROJECTS VIA INTENT DEAL WITH IMAGE RESOURCES NL

  • SAYS TO CONTRIBUTE ABOUT A$160 MILLION ($113.36 million) IN CASH AND ASSETS, DEAL PENDING DUE DILIGENCE AND APPROVALS

Source text

Further company coverage: 002601.SZ


($1 = 1.4114 Australian dollars)


(Reporting by Beijing Newsroom)

((Shi.Bu@thomsonreuters.com;))

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