https://newsletter.en.creamermedia.com
Gold|PROJECT
Gold|PROJECT
gold|project

Global Uranium sells gold project to Koonenberry

17th October 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Global Uranium and Enrichment has announced the sale of its Enmore gold project, in New South Wales, Australia, in line with its growth strategy focusing on its North American uranium portfolio.  

The company will sell the proejct to fellow-listed Koonenberry Gold for 35-million shares.

By retaining an equity position in Koonenberry, the company is positioning itself to benefit from the continued development of both the Enmore project and Koonenberry’s other portfolio of assets.

"This deal not only creates value for both parties, but also enables Global Uranium to maintain a strategic focus on advancing our core uranium assets in North America, which have experienced significant and rapid progress over the past year," MD Andrew Ferrier said. 

Besides Enmore in the New England Fold Belt, Koonenberry also acquired the Lachlan project, in the Lachlan Fold Belt, from Gilmore Metals.

Together, these acquisitions transform Koonenberry by creating a New South Wales-focused explorer with one of the most significant portoflios in the state with land holdings of 4 410 km2

Edited by Creamer Media Reporter

Comments

Latest News

Barrick chairperson John Thornton.
Barrick advancing projects to support 30% growth by 2030
Updated 2 hours 10 minutes ago By: Martin Creamer

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 April 2025
Magazine round up | 04 April 2025
4th April 2025

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.096 0.187s - 168pq - 2rq
Subscribe Now