Gold Road (ASX:GOR) earn-in agreement update

27Dec

Gold Road (ASX:GOR) earn-in agreement update

 

Cygnus Gold (ASX:CY5) has been notified by Gold Road (ASX:GOR) of their decision to withdraw from the Wadderin Letter Agreement.

In relation to the Lake Grace and Yandina Joint Ventures, programs and budgets for 2020 are currently in the process of being finalised.

The Wadderin Agreement with Gold Road, a wholly owned subsidiary of Gold Road Resources, was subject to a minimum spend of $900,000 prior to withdrawing with that milestone having been reached last month.

The tenements subject to the Wadderin agreement will now revert to Cygnus 100 per cent.

A strategic review is now underway to rationalise the Wadderin landholdings and look for third party funding to test a range of high quality, early stage gold prospects adjacent to Ramelius Resources’ (ASX:RMS) Tampia project in the Wheatbelt of WA.

Shares in Gold Road (ASX:GOR) are trading 1.3 per cent higher at $1.21.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

03Jul

Infigen (ASX:IFN) board recommends Iberdrola takeover offer

03 Jul 2020 - The board of Australia's largest listed wind farm operator, Infigen Energy (ASX:IFN), unanimously recommends that investors accept the takeover offer lobbed by Iberdrola Renewables Australia.

Read More
30Aug

Harvey Norman Holdings offshore revenue over $2 billion

30 Aug 2019 - Harvey Norman Holdings (ASX:HVN) has seen record offshore retail sales revenue of $2 billion.

Read More
21Oct

Seven West (ASX:SWM) to sell Pacific Magazines

21 Oct 2019 - Seven West (ASX:SWM) has this morning confirmed reports it will sell Pacific Magazines to Bauer (Bower) Media for $40 million.

Read More
23Nov

Stocks of the Hour: Chimeric Therapeutics, Armada, Site Group International, Linius Technologies

23 Nov 2023 - A snapshot of the stocks on the move, featuring Chimeric Therapeutics (ASX:CHM), Armada (ASX:AMM), Site Group International (ASX:SIT) and Linius Technologies (ASX:LNU).

Read More
01Apr

Brickworks (ASX:BKW) to reopen brick plants in Pennslyvania

01 04 2020 - Brickworks (ASX:BKW) has been advised that it may re-open their brick plants in Pennsylvania.

Read More
12Mar

DGR Global (ASX:DGR) pens deal for Auburn Resources to acquire Armours Ripple Resources

12 Mar 2021 - DGR Global (ASX:DGR) has signed a deal with Auburn Resources and Armour Energy (ASX:AJQ) which will see Auburn acquire Armour’s wholly owned subsidiary, Ripple Resources.

Read More
06Mar

Stocks of the Hour: Atomo Diagnostics, AdAlta, Aruma Resources

06 Mar 2024 - A snapshot of the stocks on the move, featuring Atomo Diagnostics (ASX:AT1), AdAlta (ASX:1AD) and Aruma Resources (ASX:AAJ).

Read More
30Mar

News Corp (ASX:NWS) to buy HMH Books & Media Segment

30 Mar 2021 - News Corp (ASX:NWS) entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt.

Read More
13Mar

The Virgin Australia Group (ASX:VAH) announce cost cutting measures

13 Mar 2020 - The Virgin Australia Group (ASX:VAH) today announced additional reductions in capacity and cost measures to address the impact of COVID-19 and has also reassured guests of the onboard health and safety measures to enhance their protection.

Read More
28May

Mesoblast (ASX:MSB) reports a net loss US$45.3 million for nine months

28 May 2020 - Mesoblast (ASX:MSB), the company that develops cellular medicines for inflammatory diseases, has reported a net loss of $US45.3 million in the nine months to the end of March.

Read More