Northern Star Resources has signed a binding agreement to purchase a 49% interest in the East Kundana Joint Venture (EKJV) from Tribune Resources, and Rand Mining and Rand Exploration for A$150m ($108.05m).

Northern Star plans to purchase Tribune Resources’ 36.75% stake in the EKJV for A$112.5m ($81.04m), and Rand Mining and Rand Explorations’ 12.25% stake for A$37.5m ($27.01m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Northern Star is engaged in the exploration, development and sale of gold deposits, while Rand Exploration is a subsidiary of mining and exploration company Rand Mining.

Mineral properties developer Tribune Resources is focused on the exploration of gold and silver deposits.

All the companies involved in the deal are based in Australia.

“Kalamazoo will hold a 2.5% net smelter royalty on all base metals mined and recovered from the project.”

Newcrest Mining has exited the joint venture (JV) formed with Alice Queen for the development of the Mendooran copper-gold project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Newcrest has paid $1m to Alice Queen under the terms of an agreement signed in March 2017. The company planned to purchase an interest of up to 80% in the Mendooran project, which also included a $1m withdrawal option.

Newcrest is engaged in the exploration and development of gold deposits, while Alice Queen focuses on the development of a number of gold and copper exploration and mining projects.

Both entities are based in Australia.

Kalamazoo Resources has signed a term sheet with Adaman Resources to sell its Snake Well gold project for $7m.

The transaction includes an option to select Adaman Resources to provide up to $4m of drilling services at Kalamazoo’s Wattle Gully gold project.

Kalamazoo will hold a 2.5% net smelter royalty on all base metals mined and recovered from the project.

The proceeds will be used towards the development of the Wattle Gully gold project.

Kalamazoo is a gold and copper explorer and developer, while Adaman Resources is a resource investment company.

Both the companies involved in the transaction are based in Australia.