ASX:HMX

3 stories mentioning ASX:HMXUpdated 1d ago

Every FINWIRES story that references ASX:HMX, newest first.

Hammer Metals Identifies High-Grade Mineralization at Queensland Critical Metals Project, Shares Hit Three-Year High

Hammer Metals (ASX:HMX) identified high-grade mineralization during recent drilling at its Kalman critical metals project in Queensland, as well as from the Black Rock iron oxide copper-gold (IOCG) and Lady Jenny copper-gold prospects, according to a Thursday Australian bourse filing.The results were of up to one meter at 3.23% molybdenum and 74 grams per tonne grade of rhenium from 220 meters, or 15.7% copper equivalent recoverable (CuEqRec), and one meter at 4.15% molybdenum and 107g/t rhenium from 267 meters, or 20.7% CuEqRec.Drilling at Black Rock remains widely spaced with considerable potential to delineate a significant copper-gold resource at the prospect, the filing added.The company's shares rose 4% to their highest price since May 2023 in recent Thursday trade.

ASX:HMX

Asia24d ago

Hammer Metals Reports High-Grade Results From Queensland Project Resource Upgrade Drilling; Shares Up 5%

Hammer Metals (ASX:HMX) reported further assay results from the current resource upgrade drilling program at its Kalman Critical Metals Project in Queensland, according to a Tuesday Australian bourse filing.The results were up to 165 meters at about 2% copper equivalent recoverable (CuEqRec), comprising 0.5% copper, 0.3 g/t gold, 0.3% molybdenum, and 5.31 g/t rhenium from 175 meters, including 50 meters at 3.2% CuEqRec and 62 meters at 2.3% CuEqRec.Drilling has now been completed, with assays pending for holes drilled at the Black Rock iron oxide copper gold target and the Lady Jenny Copper-Gold Prospect, it added.The company's shares rose almost 5% in recent Tuesday trade.

ASX:HMX

Asia57d ago

Larvotto Resources Enters Into Scheme Implementation Deed to Acquire Hammer Metals

Larvotto Resources (ASX:LRV) entered into a binding scheme implementation deed to acquire all the shares of Hammer Metals (ASX:HMX) through a scheme of arrangement, according to a Thursday filing with the Australian bourse.Hammer Metals shareholders will receive one new Larvotto share for every 22 Hammer shares held at the scheme record date, the filing said.After implementation of the scheme, Larvotto shareholders and Hammer Metals shareholders are expected to own about 92.7% and 7.3%, respectively, of the combined entity.The board of Hammer Metals unanimously recommended that shareholders vote in favor of the scheme, provided there is no superior proposal and the independent expert continues to conclude that the scheme is in the best interest of shareholders, per the filing.

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