Aspiring miner Heron Resources has tapped investors for about $240 million and says it is now fully funded to develop its Woodlawn zinc-copper project in NSW.
Heron Resources has awarded CIMIC Group subsidiary Sedgman a $107 million engineering, procurement and construction contract for a processing facility at its Woodlawn zinc-copper project south of Sydney.
Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.
