14 November 2024
14 November 2024
The project covers 25,600 hectares (ha) and is located approximately 90km north-east of Happy Valley-Goose Bay.
This guarantee is contingent upon a long-term commercial offtake agreement with Aurubis.
The company said that the transaction will provide Lake with additional, non-dilutive liquidity.
The acquisition involves a binding share purchase agreement (SPA) with the shareholders of Kooky Resources.
Augustus Minerals has secured a large contiguous tenement package covering an area of 1,345km² in a region near Leonora.
The decision comes after the acquisition of the Eureka Gold project near Kalgoorlie and the disposal of the non-core Malamute project.
External investors Young Poong and MBK Partners have increased their stake in the company to nearly 40%.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
