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Independence scratches Jaguar with $73 million sale

INDEPENDENCE is selling its base metal Jaguar operation in Western Australia to CopperChem for A$73 million in a deal that's said to emphasise the company's focus on its core assets and an increased leaning towards the burgeoning battery minerals space.

Michael Quinn
A new dawn for Jaguar in the hands of CopperChem.

A new dawn for Jaguar in the hands of CopperChem.

The transaction will see an initial $25 million heading Independence's way, with further payments of $16 million to be paid annually for the next three years. Independence MD Peter Bradford described...

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