RESOLUTE TO SELL BIBIANI GOLDMINE TO ASANTE GOLD FOR $US90M

Resolute announced it has entered an agreement to sell its interest in the Bibiani Gold Mine in Ghana to Asante Gold Corporation. The deal includes a cash deposit of $US30m already received as a deposit, followed by a further cash payment of $US30m on or before six months from completion and a further $US30m on or before 12 months of completion. Resolute says it has received the Ghanaian Government approval for the sale.

Resolute has already defined a Gold Resource of 2.5m ounces at the Bibiani Gold Mine land said that Asante has recognised the potential to substantially increase the 2.5m ounce resource with additional exploration and drilling.

Goldman

Read Previous

RAMELIUS RATCHET UP THEIR GOLD PRODUCTION TO EXCEED GUIDANCE WITH 72,896 OUNCES FOR THE QUARTER

Read Next

IS AUSTRALIA’S MOST UNDERVALUED ASX GOLD MINING COMPANY “TOMBOLA GOLD LTD” ASX:TBA

Leave a Reply

Your email address will not be published. Required fields are marked *