Clara Resources Australia (ASX:C7A) said it received unsolicited interest concerning its wholly-owned Kildanga cobalt-nickel-gold-copper project in Queensland and the board has begun a strategic review of the project, according to a Tuesday Australian bourse filing.
The review will consider various potential outcomes, including divestment, joint ventures, or other partnership opportunities.
It cautioned that no definitive decisions had been made regarding any potential deals, and shareholders should note there is no guarantee a deal will materialize.
Its shares jumped 25% in recent trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.