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Juno Minerals Limited (ASX:JNO)

ALERT: Price-sensitive ASX Announcement for JNO
Current share price for JNO : $0.026 -0.012 (-31.58%)+
Announcement
Release
27 Jan 2026 9:45AM
Price at Release
$0.038
Full Release
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Summary
Juno Minerals Limited reported the completion of the sale of its Mount Mason DSO Hematite Project to Gold Valley Yilgarn Pty Ltd for A$6 million, including a 2% FOB royalty on iron ore production. The company plans to use proceeds to maintain its Mount Ida Magnetite Project and for general corporate purposes. The Mount Ida project is significant, with a resource of 1.85 billion tonnes of magnetite ore. Additionally, Juno conducted exploration activities at Mount Ida, identifying gold anomalies and planning an initial drilling program. The company reported a cash balance of $5,578,000 at the end of the quarter, with exploration and evaluation expenditures totaling $434,000.
Key Points
  • Completion of Mount Mason Project sale for A$6 million.
  • Inclusion of 2% FOB royalty on iron ore from Mount Mason.
  • Proceeds to support Mount Ida Magnetite Project and new opportunities.
  • Mount Ida holds 1.85B tonnes of magnetite ore.
  • Exploration at Mount Ida identified gold anomalies.
  • Planned initial drilling program at Mount Ida.
  • Quarter-end cash of $5,578,000.
  • Exploration expenditures totaled $434,000.
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.