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Corcel PLC on Monday said it has sold its entire 100% interest in the Wowo Gap nickel project in Papua New Guinea to Integrated Battery Metals Pte Ltd. The Australia, Papua New Guinea and Canada-focused mining and mineral resource development company said the sale for up to $2.8 million overrides one it announced in March. It explained that the joint venture parties have agreed to reorganise the transaction into two separate sale transactions due to the recent Angolan oil acquisition. At the start of June, Corcel said it bought a 90% interest in Atlas Petroleum Exploration Worldwide Ltd following the signing of risk service contracts in Angola. Corcel shares were 4.5% lower at 0.32 pence per share on Monday morning in London. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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