Oar Resources, a metals prospector and producer in Australia, announced that it has completed the sale of the Bramfield Iron Ore Project in South Australia to Dragon Resource Investment Pty Ltd (DRI), owned by Vietnam's Hoa Phat Group, for A$440,000.
The issuance of new licenses has been delayed multiple times due to Covid-19 and factors affecting state regulators. In addition, Oar Resources has recently focused on acquiring the highly promising Denchi Lithium project in Western Australia's northern gold deposits.
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