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Pearl Gull Iron Secures $4.5M and Equity in Cockatoo Island Project Sale
9:19am on Tuesday 23rd of December, 2025 AEDT
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Mining
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Pearl Gull Iron Secures $4.5M and Equity in Cockatoo Island Project Sale
9:19am on Tuesday 23rd of December, 2025 AEDT
Key Points
Sale of 100% interest in Cockatoo Island Project for $4.5 million cash
Pearl Gull retains 4% indirect equity interest in Crestlink Pty Ltd
Royalties secured on iron ore and ballast extracted from project tenements
Upfront payment of $2.5 million received, with $2 million due in December 2026
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Pearl Gull Iron (ASX:PLG)
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