Australia's IGO looking to divest some Forrestania nickel assets

Medallion Metals

08/08/2024 24:01

Aug 8 (Reuters) - Australian nickel and lithium producer
IGO Ltd  IGO.AX  is negotiating a potential deal with Medallion
Metals  MM8.AX  to divest certain assets of its Forrestania
nickel operation in Western Australia, the companies said in
separate statements on Thursday.
    The total consideration of the deal is up to A$50 million 
($32.58 million), Medallion said. 

($1 = 1.5349 Australian dollars)

 (Reporting by Ayushman Ojha; Editing by Mohammed Safi Shamsi)
 ((Ayushman.Ojha@thomsonreuters.com;))