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Business Development - Ormonde Mining

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Business Development

Following the receipt of €6 million in cash consideration from a disposal completed in February 2020, Ormonde is well-positioned to grow its business through project generation, joint ventures and / or acquisitions of resource projects that align with its strategy, which is to primarily target quality natural resource projects in commodities with a positive market outlook.

On 16 September 2020, Ormonde reported that, following an extensive review of a wide range of resource projects, the Company has entered into an exclusivity agreement in relation to a potential acquisition of a resource project with due diligence ongoing.