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Loyal Metals Targets High-Grade Copper Gold Revival at Highway Reward
10:32am on Wednesday 2nd of July, 2025 AEST
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Mining
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Loyal Metals Targets High-Grade Copper Gold Revival at Highway Reward
10:32am on Wednesday 2nd of July, 2025 AEST
Key Points
Binding option acquired for Highway Reward Copper Gold Mine in Queensland
Past production – 3.65Mt at 5.7% copper and 260kt at 4.5 g/t gold
No exploration since 2005 despite massive copper and gold price increases
Deal includes milestone-based performance shares and 2% net smelter return royalty
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