05 April 2024
05 April 2024
The upfront consideration for both Eagle Downs and Eagle Downs South will be funded through Stanmore's existing liquidity.
Prospector Metals will make a cash payment of C$50,000 ($36,863) to Capella Minerals upon closing of the transaction.
This move will see AR3 take over Exploration Licence applications ELA 2024/14 and 2024/15 in the Murray Basin, South Australia.
The Namibian exclusive prospecting licences (EPLs), numbered 9725 and 9652, are located near Walvis Bay, Namibia’s principal international port.
The capital will fund exploration activities in Yukon Territory, with the offering expected to close around the 23 April 2024.
During the option period, Winsome will assess the technical, economic, environmental and social feasibility of repurposing Renard.
The initial option period spans 18 months, during which Xtract must invest $500,000 (£394,342) in exploration to earn a 51% interest.
The Canadian gold miner is seeking out international opportunities.
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