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(Sharecast News) - Strategic Minerals announced on Friday that it has granted a 14-day extension to the purchaser of the Leigh Creek Copper Mine regarding payment for an exclusive call option to acquire the asset.
The AIM-traded company announced on 24 April that it expected to receive AUD 0.1m (£0.05m) for the option, which would give the buyer the exclusive right to acquire 100% of the South Australia-based project.
It said the extension provided additional time for the purchaser to finalise the payment, though Strategic Minerals did not disclose the reasons for the delay.
At 1005 BST, shares in Strategic Minerals were up 2.5% at 0.29p.
Reporting by Josh White for Sharecast.com.
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