Frontier Mining shares shot up over 22% on Monday as investors welcomed news it is selling its Naimanjal licence area in Kazakhstan for US$30mln to repay debt.
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Frontier Mining Limited is a copper exploration and development company with a focus on Kazakhstan. The Company’s main activity is the Benkala Copper Project in North West Kazakhstan, which forms part of the Urals copper gold ore belt. Frontier has a 100% interest in Benkala through its subsidiary KazCopper LLP