16 July 2024
16 July 2024
While Australian gold production will be sluggish in 2024, it is set to pick up from 2025 through to 2030.
The company secured approvals from Guinean and Chinese regulatory bodies, paving the way for the project's advancement.
Funds provided by the Syndicate will be allocated towards project development in exchange for a share of the gold produced.
For this deal, Silver Dollar's subsidiary will pay C$300,000 ($219,334) in cash and issue six million common shares at C$0.30 each.
The company can further increase its interest in the the Eyre Kaolin Joint Venture (EKJV) by committing an additional $2m (A$2.95m) to exploration over the next three years.
The company agreed to pay C$300,000 ($219,350) to Electrum upon completion of the property’s feasibility study.
The project will see extraction of critical minerals such as vanadium, high-purity alumina (HPA) and molybdenum.
The permit allows the company to develop, mine and produce uranium oxide concentrate (UOC).
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