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Loyal Metals Ltd (ASX:LLM)

ALERT: Price-sensitive ASX Announcement for LLM
Current share price for LLM : $0.430 0.135 (45.76%)+
Announcement
Release
14 Apr 2026 8:44AM
Price at Release
$0.295
Full Release
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Summary
Loyal Metals Ltd has announced the exercise of its option to acquire full ownership of the Highway Reward Copper-Gold Mine and Big Magpie project in Queensland, Australia. This development triggers the Sale and Purchase Agreement, transferring the mining leases to Highway Copper Gold Pty Ltd, a subsidiary of Loyal Metals. Recognized as one of the highest-grade copper mines, the Highway Reward Project is set for further technical evaluation and development planning following successful exploration and due diligence. The acquisition's completion is contingent upon fulfilling remaining conditions, including regulatory approvals.
Key Points
  • Loyal Metals Ltd has exercised its option to acquire 100% of the Highway Reward Copper-Gold Mine and Big Magpie project in Queensland, Australia.
  • The exercise of the option triggers the Sale and Purchase Agreement for the transfer of ownership of granted mining leases to Highway Copper Gold Pty Ltd, a wholly owned subsidiary of Loyal Metals.
  • The Highway Reward Project is recognized as one of the highest-grade copper mines globally.
  • Loyal Metals has completed exploration and due diligence activities, advancing its technical understanding of the Highway Reward Project.
  • Completion of the acquisition is subject to satisfying remaining conditions, including administrative and regulatory requirements.
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.