M&A

Radar acquires iron ore stake

RADAR Iron shares soared nearly 75% after it announced it had entered an agreement to acquire 51% of the Mount Ruby magnetite deposit in the Innisfail district of Far North Queensland from private company Developed Iron Ore.

Hannah Vickers
Radar acquires iron ore stake

Under the terms of the deal, Radar will pay DIO $A100,000, which gives it until April 30 to complete due diligence, including the initial confirmatory drilling of 10 reverse circulation holes. After...

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