Juno Signs Agreement with Perth Miner for Sale of Western Australia Project

MT Newswires Live

2025/06/16

Juno Minerals (ASX:JNO) has signed a deal to sell its Mount Mason DSO hematite project in Western Australia to Gold Valley Yilgarn for AU$6 million, according to a Friday filing with the Australian bourse.

The agreement includes a 2% free-on-board (FOB) revenue royalty on all future iron ore production from the project, the filing said.

The company has received a AU$3 million deposit, with the balance expected within six months, the filing added.

Juno plans to start production at the project in mid-2026 and use the proceeds from the sale to advance exploration at its Mount Ida magnetite project and for general working capital, the company said.

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