Mantle has sold Mt Roe subsidiary for $13.5M
Mantle Minerals has successfully completed the $13.5 million sale of its Mt Roe Mining subsidiary to Northern Star Resources – a transformational deal that unlocks immediate value and fuels the next phase of growth.
With a strengthened cash position, Mantle is now exceptionally well-funded to deliver on its strategy. The Company retains its core Yule River and Pardoo projects, with the first priority being an exciting new exploration campaign at Yule River. Backed by strong financial resources, Mantle is positioned to accelerate drilling, fast-track results, and capitalise on strategic acquisition opportunities to expand its high-potential portfolio.
Current Projects
Yule River Project
The Yule River Project (E47/3857) covers 86km² astride the Sholl Shear Zone, a major regional structure with favourable greenstone stratigraphy. The project is a true greenfields opportunity, prospective for gold, nickel-copper sulphide, and VMS mineralisation, but has seen little effective drilling to date.
Pardoo Project
The Pardoo Project, located east of Port Hedland, hosts the Highway Deposit — a shallow nickel sulphide resource sitting adjacent to the Great Northern Highway — alongside a pipeline of regional targets. Historic drilling has returned wide intersections of nickel and associated PGM mineralisation, positioning Pardoo as both an advanced deposit and a broader exploration play.
