South32 signs earn in agreement with Hammer Metals [Yahoo! Finance]
SUMITOMO MTL MNG UNSP/ADR (SMMYY)
NASDAQ:AMEX Investor Relations:
smm.co.jp/e/ir
Company Research
Source: Yahoo! Finance
The agreement outlines a joint venture formation upon completion of specific exploration milestones. Isa Valley Project, identified as EPM28189, spans 321km and is situated 60km south of Mount Isa. It is a portion of Hammer's 2,800km holdings in the region. South32 can secure up to an 80% stake by funding Hammer through to the completion of a Pre-Feasibility Study (PFS). The earn-in is structured in three stages. In Stage 1, South32 is to fund initial exploration, including ionic leach soil sampling and field assessment, with costs estimated between A$20,000 and A$25,000, to be completed within six months. Stage 2, contingent on South32's decision, involves funding a 900-metre drilling programme, capped at A$150,000, within 12 months of initiation. Stage 3 requires South32 to fund A$3m in exploration over three years, with an option to extend by one year and increase funding to A$4m. Completion of this stage grants South32 a 70% interest, leading to the joint venture's
Show less
Read more
Impact Snapshot
Event Time:
SMMYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMMYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMMYY alerts
High impacting SUMITOMO MTL MNG UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SMMYY
News
- Nickel Miners News For The Month Of May 2024 [Seeking Alpha]Seeking Alpha
- Nickel Miners News For The Month Of April 2024 [Seeking Alpha]Seeking Alpha
- US, Philippines Eye Agreement to Cut China Nickel Dominance [Yahoo! Finance Canada]Yahoo! Finance Canada
- US, Philippines Eye Partnership to Cut China's Nickel Dominance [BNN Bloomberg (Canada)]BNN Bloomberg
- Ardea, Sumitomo Metal Mining (SMM) and Mitsubishi Corporation (MC) to form a Joint Venture to develop the Kalgoorlie Nickel Project (KNP) - Goongarrie HubPR Web