Forrestania secures ground next to Edna May
Gold and lithium explorer Forrestania Resources has struck a deal to acquire four granted exploration licences adjacent to the Edna May gold mine, in Western Australia’s Southern Cross region.
The company will acquire a 100% interest in the tenements (E77/2756, E77/2766, E77/3234 and E77/3237) from Kula Gold for $500 000 in cash on settlement, with a further A$1-million cash payable upon reporting an inferred mineral resource of at least 100 000 oz of gold, or equivalent, under the Joint Ore Resources Committee code.
Settlement of the deal is subject to conditions precedent, including financial, legal and technical due diligence, as well as regulatory and third-party approvals. Completion is expected by October 12.
“We will continue to drive the consolidation of high-quality gold assets and ultimately Forrestania Resources will become a major gold player in the Southern Cross region,” said Forrestania chairperson David Geraghty.
Forrestania is active across the Forrestania, Southern Cross and Eastern Goldfields regions, where it is exploring for gold, copper and lithium. Its portfolio includes ground near the Bounty gold mine, the Covalent Mt Holland lithium mine, and the Flying Fox and Spotted Quoll nickel mines.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation