Hancock Prospecting Pty Ltd agreed to acquire Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on October 31, 2024. As per the transaction, Hancock Prospecting Pty Ltd has also entered into two joint venture agreements over MinRes? remaining onshore Perth Basin and Carnarvon Basin exploration acreage.

The total consideration paid by Hancock Prospecting Pty Ltd for the agreements are AUD 1.13 billion.