Juno Minerals Limited (JNO) has announced the completion of sales in the Gold Valley Elgen Petty Limited (GVY) to its Mount Mason DSO Hematite Project. Juno minerals are focused on iron exploration and development in Western Australia. The sale of the Mount Mason project was initially announced on June 13, 2025, finalizing the transfer of houses to GVY, a established producer in the region.
Total consideration for sale includes $ 6 million in cash and 2 % -free on -board (FOB) revenue royalty on all iron production. Juno Minerals received the initial $ 3 million deposit on June 12, 2025, with the remaining $ 3 million, which is now received after the completion of a residence transfer. GVY is planning to start production in Mount Mason by mid -2026, and is taking advantage of the project’s current permits.
Mount Mason’s sales are considered a positive step for Juno Minerals, which strengthens the company’s cash reserves and provides possible income in the future through production royalties. In addition, GVY will use the current Juno Infrastructure. Juno plans to allocate money from sales for maintaining its Mount Eda Magnetite Project, looking for new opportunities, and general working capital purposes.
Mount Ada Magnetite Project is the main strategic asset of Juno and is not affected by Mount Mason Cell. The company plans to focus on attracting a partner of the Mount Eda Magnetite Project to complete the feasibility study.
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