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Hammer and Carnaby initiate merger talks

14th February 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Exploration company Hammer Metals on Wednesday confirmed that it is in discussions regarding a potential merger with fellow ASX-listed Carnaby Resources.

The discussions were at a “relatively early stage”, the company said, adding that the negotiations remained confidential.

Hammer Metals has a strategic tenement position covering about 2 800 km2 within the Mount Isa mining district, in Queensland, and also owns a project adjacent to the Bronzewing gold deposit in the highly endowed Yandal Belt of Western Australia.

Carnaby also focuses on copper and gold projects in Queensland and Western Australia, with its flagship being the Duchess project south-east of Mount Isa.

Edited by Creamer Media Reporter

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