Media & articles

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.