PERTH (miningweekly.com) – ASX-listed Jupiter Mines has completed the demerger of Juno Minerals, via an in-specie distribution of shares to Jupiter shareholders.
Jupiter on Friday said that Juno had also received conditional approval to be admitted to the official list of the ASX, triggering the completion of the demerger.
Juno is expected to list on the ASX on May 14.
Juno now owns Jupiter’s Central Yilgarn, allowing the separately listed company to focus on progressing the development of the Mount Mason direct shipping ore hematite project.
A feasibility study on the Mt Mason project was completed in 2012, and an optimisation of the study was undertaken in 2014, until the project was placed on care and maintenance until economic conditions improved and infrastructure access could be secured.