Brief: Red Mountain Mining Enters Farm- In Agreement With LBM (Aust)

Red Mountain Mining

10/07/2023 02:41

July 10 (Reuters) - Liontown Resources Ltd  LTR.AX :
    * ENTERED INTO A FARM- IN AGREEMENT WITH LBM (AUST) PTY
    * BINDING FARM-IN AGREEMENT EXECUTED WITH LIONTOWN RESOURCES
FOR
80% INTEREST IN ITS PROSPECTIVE MONJEBUP RARE EARTH PROJECT
    * JV TO BE FORMED BETWEEN RED MOUNTAIN & LIONTOWN UPON
SATISFYING
FARM-IN EXPLORATION REQUIREMENT
    * FIELD EXPLORATION PREPARATION UNDERWAY AND EXPECTED TO
COMMENCE
SUBJECT TO FINALISING LAND ACCESS AGREEMENTS
    * CO SHALL ISSUE LIONTOWN AN AGGREGATE OF 40 MILLION RMX
FULLY
PAID ORDINARY SHARES UNDER DEAL

Source text for Eikon:  ID:nASX8Xg7MN 
Further company coverage:  LTR.AX 

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