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Rubix Resources Limited (ASX:RB6)

ALERT: Price-sensitive ASX Announcement for RB6
Current share price for RB6 : $0.155 0.015 (10.71%)+
Announcement
Release
5 Sep 2025 9:25AM
Price at Release
$0.140
Full Release
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Summary
Rubix Resources Limited (ASX: RB6) has announced a non-binding agreement to acquire prospective bauxite projects in Central Africa from Nyos Metals Pty Ltd and Yoro Metals Pty Ltd. The acquisition involves exploration license applications in the Republic of Cameroon and the Republic of Congo. The transaction includes a comprehensive payment package involving cash, shares, and performance rights based on achieving specific project milestones, such as resource announcements and scoping study results. The completion of this acquisition is contingent upon several customary conditions, including due diligence and regulatory approvals. The projects in Cameroon and Congo have not undergone modern exploration, with the last activities dating back to the 1960s. Rubix will continue negotiations to secure a binding agreement within 90 days, with a commitment to keep the market informed in compliance with disclosure obligations.
Key Points
  • Non-binding agreement with Nyos and Yoro for Central Africa bauxite projects.
  • Acquisition involves exploration licenses in Cameroon and Congo.
  • Consideration includes cash, shares, and performance rights contingent on project milestones.
  • Completion dependent on due diligence and regulatory approvals.
  • Projects have not had modern exploration since the 1960s.
  • 90-day negotiation period for binding agreement.
  • Rubix to maintain market disclosure obligations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.