Hemisphere to spin off WA gold

IN order to focus on iron ore, nickel and uranium, Hemisphere Resources will spin off its gold assets in Western Australia to subsidiary Aruma Resources, and apply to list the company on the Australian Securities Exchange.

Aruma will hold the Glandore gold project and Kurnalpi South project near Kalgoorlie, the Laverton East project and the Jundee South project near Wiluna.