Commodities > Base-metals

Independence scratches Jaguar with US$55m sale

Independence Group (ASX: IGO) is selling its Jaguar base metal operation in Western Australia to CopperChem for A$73 million (US$55 million) in a deal that’s said to emphasise the company’s focus on its core assets and an increased leaning towards the burgeoning battery minerals space.

Michael Quinn

Commodities > Base-metals

Independence scratches Jaguar with US$55m sale

Independence Group (ASX: IGO) is selling its Jaguar base metal operation in Western Australia to CopperChem for A$73 million (US$55 million) in a deal that’s said to emphasise the company’s focus on its core assets and an increased leaning towards the burgeoning battery minerals space.

Michael Quinn

Independence scratches Jaguar with US$55m sale

A new dawn for Jaguar in the hands of CopperChem

The transaction will see an initial A$25 million heading Independence's way, with further payments of $16 million to be paid annually for the next three years.