Strike Resources Limited
SRK.ASXMaterials
Market Data
$0.034
+0.0%$9.6M
0.9x
$0.037
0.00%
-0.1%
Latest Earnings
Quarterly Reports - 31 March 2026
30 April 2026
Strike Resources completed a strategic divestment of a further 28.52% indirect stake in its Apurímac Iron Ore Project in Peru to JE United Ltd for A$5.5 million (net A$5.4M), reducing its ownership to 51.48% while unlocking development capital and securing a US$5 million credit facility. The company advanced exploration activities with geological mapping, LiDAR/magnetometry surveys identifying new magnetite/hematite zones outside the current JORC resource, while progressing small-scale artisanal mining operations and development of downstream infrastructure including a port MOU with Naviera Petral. Key points: Secured A$5.5 million (net A$5.4M) cash consideration from sale of 28.52% stake in Apurímac Project, providing working capital for development and maintaining 51.48% ownership with project control; JE United Ltd committed US$5 million credit facility to Apurímac Ferrum for project development, reducing absolute cash commitment required from Strike; Exploration program identified new magnetite/hematite zones outside current JORC resource; high-resolution LiDAR and magnetometry surveys completed with positive results; gravity survey planned for May 2026
Recent Announcements
Quarterly Reports - 31 March 2026
Strike Resources completed a strategic divestment of a further 28.52% indirect stake in its Apurímac Iron Ore Project in Peru to JE United Ltd for A$5.5 million (net A$5.4M), reducing its ownership to 51.48% while unlocking development capital and securing a US$5 million credit facility. The company advanced exploration activities with geological mapping, LiDAR/magnetometry surveys identifying new magnetite/hematite zones outside the current JORC resource, while progressing small-scale artisanal mining operations and development of downstream infrastructure including a port MOU with Naviera Petral. Key points: Secured A$5.5 million (net A$5.4M) cash consideration from sale of 28.52% stake in Apurímac Project, providing working capital for development and maintaining 51.48% ownership with project control; JE United Ltd committed US$5 million credit facility to Apurímac Ferrum for project development, reducing absolute cash commitment required from Strike; Exploration program identified new magnetite/hematite zones outside current JORC resource; high-resolution LiDAR and magnetometry surveys completed with positive results; gravity survey planned for May 2026
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