The Market Herald has snapped up the news of Boadicea inking a deal to sell nine of its Fraser Range tenements to IGO's fully-owned subsidiary IGO Newsearch. Boadicea Resources (ASX:BOA) to sell nine Fraser Range tenements to IGO Newsearch. As soon as the news was announced that Boadicea had inked a deal with IGO, the boards lit up on what was a very quiet day on the markets after an overnight slump on Wall Street the night before.

News of Boadicea Resources inking a deal with IGO to explore nine of its Fraser Range tenements has sent the stock soaring as investors wake up to the potential of tenements the company holds in the Fraser Range.

IGO announces it has entered into an agreement with Boadicea Resources to secure nine licences in the Fraser Range including the Symons Hill tenement immediately along strike from the Nova Operation. Shareholders will receive a dividend and remaining monies from the deal will allow Boadicea to fund future exploration.

Proactive Investors reports it's a win-win-win, the agreement between BOA and IGO which will bring a future upside from IGO efforts. Shareholders will receive a dividend and the company will be well-funded for future exploration. The agreement will leverage the Fraser Range experience and success of IGO.

Boadicea Resources' neighbour, IGO, is convinced it can be a player in the M&A space with the miner looking at its core metals, a downstream nickel sulphate business, and lithium rare earths opportunities.

Each week Boadicea Resources brings our readers news of interest from two of Australia's hottest exploration regions - the Paterson Province and the Fraser Range. Koongulla is Boadicea's latest acquisition and is located in the Paterson Province.

S2 Resources is the latest company making headline news in the Fraser Range. With an exciting anomaly found not far from Boadicea’s Symons Hill and White Knight licences, there is lots to crow about while the eagles are flying high in this region.

Keep an eye out for the quiet achievers, Boadicea Resources is among the pack, who are starting to show their presence in the Paterson Province and Fraser Range.

Rio Tinto has signed a $12 million joint venture agreement with Sipa Resources for the exploration company's Paterson North copper-gold project in Western Australia. Boadicea's recently-acquired Koongulla project is certainly surrounded by good neighbours.

IGO’s Nova-Bollinger mine is Boadicea’s Symons Hill Project, near neighbour. In fact the Nova stellar discovery that became a mine, put the Fraser Range on the map back in 2012.