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Proposed Mindoro spin-off to unlock $15M in value

PHILIPPINES-focused and tri-listed Mindoro Resources is spinning out its gold and copper-gold assets into listed Australian vehicle Red Mountain Mining in a deal valued at $A15 million as it continues talks on a strategic partnership for its Agata nickel property.

MiningNews.Net
Proposed Mindoro spin-off to unlock $15M in value

The assets to be vended include the Batangas gold project including Archangel and Lobo, which host indicated resources of 10.15 million tonnes grading 1.2 grams per tonne gold for 393,000 ounces and an...

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