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Rincon Resources Limited (ASX:RCR)

ALERT: Price-sensitive ASX Announcement for RCR
Current share price for RCR : $0.015 -0.006 (-28.57%)+
Announcement
Release
4 Mar 2026 9:39AM
Price at Release
$0.021
Full Release
download
Summary
Rincon Resources Limited announced its decision to sell its Laverton assets to Galleon Metals Limited, in exchange for $500,000 worth of shares following Galleon's IPO. This move allows Rincon to direct its resources towards further development of the Telfer South Gold-Copper Project and Crackerbox assets. Additionally, Rincon is considering an outright sale or joint venture for its West Arunta assets, with plans to make a data room available soon for potential buyers.
Key Points
  • Rincon Resources Limited has entered a binding agreement to sell its Laverton assets in Western Australia.
  • The Laverton assets will be acquired by Galleon Metals Limited, with Rincon receiving $500,000 worth of Galleon shares post-IPO.
  • Rincon plans to focus on the Telfer South Gold-Copper Project and Crackerbox assets.
  • Rincon seeks to sell or establish a joint venture for its West Arunta assets.
  • The West Arunta data room will be opened to interested parties in the coming weeks.
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.