19 November 2024
19 November 2024
This acquisition is set to significantly expand Orla's gold production capabilities and enhance its free cash flow.
The Goro mine in southern New Caledonia produces 57,000 tonnes per annum (tpa) of nickel and 5,000tpa of cobalt.
The acquisition's completion is targeted by early December 2024.
The plant will produce 2,000 tonnes (t) of Echion Technologies' XNO active anode material annually.
The new role will see the Trump loyalist likely push for more oil and gas exploration.
The deal is valued at $13.5m (A$20.88m) and is expected to close in the first half of 2025 (H1 2025).
Denham Capital, owning 57% of Alphamin, may create a new vehicle with the investing company for the potential stake in Alphamin.
The project’s March 2024 mineral resources estimate (MRE) review and July 2024 scoping study revealed two near-mine opportunities to expand the open pit and mine life.
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