Juno Minerals (ASX:JNO) has signed a deal to sell its Mount Mason DSO hematite project in Western Australia to Gold Valley Yilgarn for AU$6 million, according to a Friday filing with the Australian bourse.
The agreement includes a 2% free-on-board (FOB) revenue royalty on all future iron ore production from the project, the filing said.
The company has received a AU$3 million deposit, with the balance expected within six months, the filing added.
Juno plans to start production at the project in mid-2026 and use the proceeds from the sale to advance exploration at its Mount Ida magnetite project and for general working capital, the company said.
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.