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Tombador Iron Advances Colomi Acquisition Amid Cash Boost and Royalty Income
2:36pm on Friday 31st of January, 2025 AEDT
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Mining
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Tombador Iron Advances Colomi Acquisition Amid Cash Boost and Royalty Income
2:36pm on Friday 31st of January, 2025 AEDT
Key Points
Cash holdings rose slightly to AUD 10.825 million by December 2024
Received AUD 112,000 in royalty payments from former Tombador Iron Project
Entered binding agreement to acquire 100% of Colomi Iron Mineração S.A.
Extensive due diligence and ASX re-listing preparations underway
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