IGO, an ASX listed diversified mining and exploration company, agreed to acquire Fraser Range Tenements from Boadicea Resources, a mineral exploration company exploring for nickel, copper and gold in Western Australia, for A$55.5m ($40.7m) plus a royalty. “As the dominant landholder along the Fraser Range and the operator of the Nova Operation, IGO maintains a strong conviction for the potential of the region to host multiple nickel-copper sulphide deposits. The Symons Hill tenement in particular, which adjoins the Nova mining lease, is an area that has received relatively little exploration to date and represents the extension of the Nova mafic-ultramafic intrusive system. We are keen to explore this area for repetitions of Nova-style nickel-copper-cobalt mineralisation,” Peter Bradford, IGO Managing Director and CEO.