Comet Resources Ltd (ASX:CRL) is advancing efforts to acquire the Mount Margaret Copper Mine in Queensland from Glencore PLC (LSE:GLEN), with an approval.
Comet Resources enhances copper exposure by completing acquisition of Northern Territory projects
With copper prices touching records highs, the company believes it is a great time to add to its portfolio with advanced and early-stage copper projects with gold and base metals as well. Analysts believe copper prices will continue to strengthen due to increased global demand.
Comet Resources Limited (ASX:CRL) has finalised due diligence and completed the acquisition of a portfolio of highly prospective copper assets from Bath Resources Pty Ltd in Australia’s Northern Territory, with added gold-zinc-silver-lead.
Assets included in the acquisition are Oonagalabi Copper-Zinc Project, Paradise Well Copper-Gold Prospect and Silver Valley Copper-Gold-Silver-Lead Prospect.
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