Proactive Investors - Run By Investors For Investors

Northern Manganese nets cash and shares from sale of magnetite project in WA

Northern Manganese nets cash and shares from sale of magnetite project in WA

Northern Manganese (ASX:NTM) has entered into a binding agreement to sell its 100% interest in a magnetite project at Mt Alexander in Western Australia to Zenith Minerals (ASX:ZNC).

Northern Minerals will receive 500,000 ZNC shares and payment of $50,000 cash as consideration.

The sale of the Mt Alexander tenement allows Northern to focus on manganese exploration in the Northern Territory whilst retaining exposure to the project via its new shareholding in Zenith.

Northern retains a belief in the value of manganese as an exploration and development target due to its fundamental links to expanding steel production in the Asian region.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full NTM profile View Profile

NTM Gold Ltd Timeline

Related Articles

May 19 2019
The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.
January 30 2019
Last year’s pre-feasibility study demonstrated the project’s large scale, long life and low-cost lithium production.
This Nanocube Memory Ink targets the global multi-billion dollar printed electronics market
February 11 2019
It has an Internet of Things data ink along with Pilbara ground prospective for conglomerate gold.
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use