ASX-listed juniors Twenty Seven Co and Peel Mining have inked a binding memorandum of understanding with privately held New Zinc Resources to form a large tenement package in New South Wales, dubbed the Mundi Mundi project.
The prospective iron-oxide/copper/gold project will be housed within a new vehicle jointly owned by the three firms. The project will span some 679 km2, and will host a number of known priority targets.