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Megado Minerals Advances with Major Iberian Copper Acquisition and Rare Earths Deal

8:21am on Wednesday 15th of January, 2025 AEDT Mining
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Megado Minerals Advances with Major Iberian Copper Acquisition and Rare Earths Deal

8:21am on Wednesday 15th of January, 2025 AEDT
Key Points
  • Agreement to acquire 80% interest in Iberian Copper Project covering 956km² in Spain
  • Rock samples from historic mines show high-grade copper (up to 9.66% Cu) and silver
  • Exploration agreement with Iluka subsidiary for North Fork Rare Earth Project in Idaho, USA
  • Completed rights issue and share placement raising approximately A$1.53 million
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