Pepinnini sells noncore Queensland assets

Exploration firm Pepinnini Minerals has agreed to sell its Gooligoomba mining lease and to surrender the Gilbert tenement, in Queensland, to focus its exploration efforts on other projects. The ASX-listed company reported on Wednesday that it had agreed to sell mining lease 2720 in north Queensland for the purchase consideration of $40 000. The lease covers 0.83 km2 near Woolgar, inland from Townsville.