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Agrimin Limited (ASX:AMN)

ALERT: Price-sensitive ASX Announcement for AMN
Current share price for AMN : $0.050 -0.02 (-28.57%)+
Announcement
Release
22 Apr 2026 8:20AM
Price at Release
$0.070
Full Release
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Summary
Agrimin Limited announced the acquisition of the Mount Squires Project in the West Musgrave region of Western Australia from Caspin Resources Limited. This acquisition includes two granted exploration licenses and four exploration license applications, which are highly prospective for base metal mineralization. The project area is located near significant nickel-copper deposits and contains historical shallow drilling confirming gold mineralization. Agrimin plans to issue Caspin 5 million ordinary shares and options as part of the acquisition deal, and will also grant performance rights and a net smelter return royalty to Caspin. This strategic acquisition aims to enhance Agrimin's exploration tenure and capitalize on its expertise in executing remote exploration activities effectively.
Key Points
  • Agrimin acquired the Mount Squires Project from Caspin Resources.
  • The project is located in the West Musgrave region, WA.
  • Includes two granted exploration licenses and four applications.
  • Prospective for base metal mineralization, near major deposits.
  • Agrimin will issue shares, options, and grant royalties to Caspin.
  • Strategic move to enhance exploration tenure and capabilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.