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InterMet divests 'non-core' Queensland prospect

CHINESE company Australian Jinhua Mining International Group and a subsidiary of InterMet Resources have inked a $A3.8 million sale and purchase over InterMet’s Mt Lucy iron ore prospect in northern Queensland.

Charlotte Dudley
InterMet divests 'non-core' Queensland prospect

The Mt Lucy sale builds on an option agreement signed by the two parties in October and will see Australian Jinhua pay an initial $383,000 deposit followed by a $3.45 million payment once certain purchase...

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