Halcyon acquires project from Monarch

HALCYON Group has added to its land holding in Western Australia’s Goldfields region following the acquisition of the Goongarrie East project from Monarch Gold that is prospective for uranium and nickel.

The company paid $500,000 plus GST to Monarch and agreed to a 2% net smelter royalty on mineral production to acquire the 318 square kilometre project, adjacent to Halcyon’s Lake Marmion uranium