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Japan Oil, Gas and Metals National Corporation to verify stake in Hammer Metals, Mount Isa copper-gold venture

Published On 28 Nov 2019 11:13 AM


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Japan Oil, Gas and Metals National Corporation (JOGMEC) is seeking Hammer Metals (ASX: HMX) over its Mount Isa copper-gold venture in Queensland after consenting to burn through $6 million on an investigation to secure a 60% premium. Under the understanding, JOGMEC can procure a 60% stake in 290 square kilometers of the 2,200sq km venture by burning through $6 million by 31 March 2024.This will give JOGMEC access to the task's Even Steven,....


Tags : oil, gas, copper, gold,
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