Brief: Inca Minerals Says To Cease Operations In Peru

Rokeby Resources

08/03/2024 01:53

March 8 (Reuters) - Inca Minerals Ltd  ICG.AX :
    * INCA TO CEASE OPERATIONS IN PERU
    * TO CEASE OPERATIONS IN PERU AND TO FOCUS ON OPERATIONS IN
AUSTRALIA
    * RIQUEZA PROJECT WILL BE PUT UP FOR SALE
    * ALL EXISTING ASSETS OF PERU OPERATIONS WILL BE SOLD
    * IN TALKS WITH AN OVERSEAS GROUP FOR FUNDING BY EARN-IN-
PARTNER
AND POTENTIAL JV PARTNERS FOR PERUVIAN PROJECTS
    * BEEN IN DISCUSSIONS WITH OVERSEAS GROUP FOR FUNDING BY
EARN-IN-
PARTNER & POTENTIAL JV PARTNERS FOR ITS PERUVIAN PROJECTS
    * COST OF MAINTAINING PERUVIAN OPERATIONS CONSIDERED TOO
HIGH AND
UNSUSTAINABLE
    * COST OF MAINTAINING PERUVIAN OPERATIONS CONSIDERED TOO
HIGH AND
UNSUSTAINABLE BY INCA BOARD
    * AS PART OF CESSATION OF PERUVIAN OPERATIONS, CO WILL PUT
RIQUEZA
PROJECT ASSET UP FOR POTENTIAL SALE
    * DISCUSSIONS WITH POTENTIALLY INTERESTED PARTIES FOR SALE
OF
RIQUEZA PROJECT HAVE BEEN INITIATED

Source text for Eikon:  ID:nASX2bGDXG 
Further company coverage:  ICG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))