Lodestar Minerals (ASX:LSR) completed legal and technical due diligence at the Darwin iron oxide copper-gold project in Chile, according to a Monday filing with the Australian bourse.
Following due diligence, the mining firm issued 25 million shares as part of an options agreement for the property to Aeramentum Resources, which has an options agreement to acquire the project from Chilean miner Coastal Metals.
Shares of the company fell 7% in recent trade.
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