- The share price of Codrus Minerals was quoted 132% strong at 10:33 AM AEDT on the ASX today
- The company has secured a large-scale, niobium-rich, high-grade rare earths project in Western Australia.
- The project allows Codrus to diversify into critical minerals space and strengthen its current gold and copper assets.
The shares of Codrus Minerals Limited (ASX:CDR) were spotted trading 131.884% strong at AU$0.160 apiece at 10:35 AM AEDT on the ASX today (23 November 2022). The company announced today it has landed a large-scale rare earths elements project in Western Australia.
Codrus has entered a farm-in, and joint venture deal with Talgomine Minerals Pty Ltd to secure at least a 90% interest in the Karloning Rare Earth Element Project. This is located in the Wheatbelt area of Western Australia.
The company claims this is a growth and diversification opportunity in the rare earths sector.
Key highlights from the agreement:
Share price performance of Codrus Minerals
Codrus shares have gained 150% on the ASX in the last six months of trade. In the previous year, the shares have moved up 50%. In the previous five years, Codrus Minerals has marked a gain of 15.38% on the ASX (as of 12:00 PM AEDT, 23 November 2022).