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Ausmon granted 3rd licence at Broken Hill cobalt-nickel project

Ausmon Resources Ltd. secured a third exploration license at its Broken Hill cobalt-nickel project in New South Wales, Australia, it said May 29.

The license, granted to wholly-owned subsidiary New Base Metals Pty. Ltd., is valid for six years starting May 24.

The company will issue a total 3,571,428 fully paid ordinary shares to the vendor of New Base Metals, as part of an acquisition agreement.

The first two licenses were granted May 18.