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Hammer Metals Limited (ASX:HMX)

ALERT: Price-sensitive ASX Announcement for HMX
Current share price for HMX : $0.055 0.004 (7.84%)+
Announcement
Release
5 Jun 2026 10:19AM
Price at Release
$0.051
Full Release
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Summary
Hammer Metals Limited announced that South32 has elected to proceed with Stage 3 of the Isa Valley Earn-in Agreement, committing A$3 million over three years for exploration to earn a 70% interest in the project. This decision is based on positive results from earlier stages. Simultaneously, Sumitomo Metal Mining Oceania (SMMO) has decided to withdraw from the Bullrush Joint Venture after completing two phases of drilling. Hammer Metals remains optimistic about the potential in the Mount Isa region and plans further exploration activities. Upcoming activities include drilling results and a magnetotelluric survey.
Key Points
  • South32 proceeds with Stage 3 of Isa Valley Earn-in
  • A$3M exploration commitment by South32
  • SMMO withdraws from Bullrush JV
  • Hammer Metals optimistic about Mount Isa potential
  • Upcoming activities include various drilling programs and surveys
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.