Iron Mountain Mining (ASX:IRM) is a step closer to complete divestment from the Heavy Mineral Sands Project in Victoria after the successful execution of all transfer documents for Exploration Licence 5305.
The divestment will be completed once the settlement and transfer of title for EL5303 to Murray Zircon is achieved.
It had sold EL5305 for $50,000 and EL5303 for $40,000.
The company is focused on its Golden Camel gold project in Victoria where it is assessing low cost heap leaching as a treatment option for its oxide mineralisation.
Golden Camel has a combined Resource of 266,000 tonnes at 1.7 grams per tonne gold.
