Mantle has sold Mt Roe subsidiary for $13.5M
Mantle Minerals has successfully completed the $13.5 million sale of its Mt Roe Mining subsidiary to Northern Star Resources – a transformational deal that unlocks immediate value and fuels the next phase of growth.
With a strengthened cash position, Mantle is now exceptionally well-funded to deliver on its strategy. The Company retains its core Yule River and Pardoo projects, with the first priority being an exciting new exploration campaign at Yule River. Backed by strong financial resources, Mantle is positioned to accelerate drilling, fast-track results, and capitalise on strategic acquisition opportunities to expand its high-potential portfolio.
Current Projects
Yule River Project
The Yule River Project (E47/3857) covers 86km² astride the Sholl Shear Zone, a major regional structure with favourable greenstone stratigraphy. The project is a true greenfields opportunity, prospective for gold, nickel-copper sulphide, and VMS mineralisation, but has seen little effective drilling to date.
Pardoo Project
The Pardoo Project hosts the Highway Deposit, a shallow nickel sulphide resource with JORC 2012 compliance totalling 16.5 Mt @ 0.407% Ni. Located alongside the Great Northern Highway east of Port Hedland, the project combines an advanced deposit with regional exploration targets.
Carlton Hill Project
Newly staked ground in the northern Bonaparte Basin, 50km north of Kununurra. Located along the same structural trend as the Sorby Hills Deposit (47.3 Mt @ 3.1% Pb, 0.4% Zn, 35 g/t Ag), targeting carbonate-hosted base metals including copper, lead, zinc and silver.
