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Rubix Resources Eyes African Bauxite with $1.2M Deal and Performance Milestones
9:34am on Friday 5th of September, 2025 AEST
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Rubix Resources Eyes African Bauxite with $1.2M Deal and Performance Milestones
9:34am on Friday 5th of September, 2025 AEST
Key Points
Non-binding agreement to acquire 100% interest in bauxite projects in Cameroon and Congo
Consideration includes $1.2 million cash, 10 million shares, and performance rights
Completion contingent on due diligence, regulatory and shareholder approvals
Projects cover large, underexplored areas with limited modern exploration
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Rubix Resources (ASX:RB6)
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